WESTLAKE VILLAGE, CA-Investco Real Estate has acquired a five-building, 238,943-square-foot office campus in Westlake Village. A partnership between Amstar, the Travelers Cos. and Searles Property Group sold the property for an undisclosed price.

Built in 2008, the trophy property is considered one of the highest quality assets in the Ventura Valley and Conejo Valley. It features five total buildings ranging in size from 5,499 square feet and 102,344 square feet in size and an impressive occupancy rate of 96%. The majority of tenants are from the financial, legal and homebuilding industries.

“There is no comparable alternative in the market for tenants, which made this an attractive opportunity for capital,” says CBRE West Coast institutional office expert Kevin Shannon, who represented the sellers in the transaction along with his CBRE colleagues Ken White, Tom Bohlinger, Brad Burton and Mike Longo. “In addition, structured rent increases and forecasted market rent growth appealed to investors and resulted in tremendous activity during the marketing process.”