An unnamed private buyer based in Los Angeles has acquired a three-building office portfolio in Pasadena for $80 million from a joint venture between private family office based in Hong Kong and Los Angeles. The three-building office portfolio totals 242,012 square feet and is located in Downtown Pasadena.

The property includes 2 N Lake Ave, an 11-story building built in 1985; 911 E Colorado Blvd., a three-story building built in 1927; and 902 Boston Ct., a small one-story building built in 1900. The properties also include a six-story parking garage. The buyer plans to reposition the properties into class-A quality buildings. The capital improvements will include new lobbies, activated outdoor areas and other interior and exterior upgrades to attract and retain office tenants.

Cushman & Wakefield's Mike Condon Jr., Erica Finck, Bailey Dawson and Marc Renard represented the seller in the deal, along with assistance from Shaun Stiles, Steven Marcussen and Katie Cowan.