Johnston Group Sells Calabasas Center

0

Johnston Group has sold its Calabasas complex, Malibu Canyon Corporate Center, to Lincoln Property Co., the Ventura County Star reports.


The seven-building, 321,000-square-foot office park on Agoura Road sold for about $90 million. The sale included adjacent land to the park for which there are plans for an additional 50,000-square-foot Class A office facility to be built.


The CB Richard Ellis office team, comprised of Michael Slater, Tom Dwyer and Jennifer Rice, were joined by CBRE associates Tom Bohlinger and Kevin Shannon in brokering the sales transaction.


The Johnston Group, a real estate investment firm, owns three other large office complexes in the Conejo Valley and has plans to continue seeking acquisitions in the area.

No posts to display