LOS ANGELES—Brentwood Capital Partners has purchased the Loker Medical Arts Pavilion in the downtown area for $16 million.
The 61,000-square-foot building at 1513 Grand Ave. is located on the campus of the California Medical Center near Staples Center and L.A. Live. The building is 60% occupied and was built in 2010.
A private development company that was not identified constructed the building. Hunter Beebe, the managing principal of Healthcare Real Estate Capital, represented the seller and assisted Brentwood Capital with raising debt and equity.
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