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Warner Center Sold in $40M Deal

LOS ANGELES-The 255,864-square-foot Warner Center office complex is sold for $40 million in an all-cash deal.

By Bruce Haring | Updated on April 22, 2013

LOS ANGELES-Thrifty Oil Co. of Santa Fe Springs has acquired Warner Gateway, a 255,864-square foot, two-building office campus in Woodland Hills, located in the San Fernando Valley. The all-cash deal was for $40 million in an expedited escrow.

Warner Gateway Partners, a subsidiary of Weingart Foundation, was the seller. Warner Gateway Partners owned the two low-rise office buildings in a class-A location at 21860 and 21820 Burbank Blvd. in Woodland Hills for 20 years. Before it was an office park, the site housed the Warner Bros. movie ranch.

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