SANTA MONICA, CA-The Lionstone Group of Houston continues its quest for “creative” office space in the West Los Angeles area, with the purchase of a five-building, 165,000-square-foot portfolio, mostly in the city’s downtown area. With the purchase, Lionstone currently controls 800,000 square feet of Westside office space.
Neither the identity of the seller nor the sale price were disclosed.
“These are five trophy assets in a marketplace with high demand and high barriers to entry,” says Scott Rigsby, a partner in Industry Partners, who represented both buyer and seller.
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