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22-Oct-2015

Cerritos Tower Sells for $30.5M

Koll Co Buys Class A Office

Winthrop Realty Trust sold the Cerritos Tower office building at 18000 Studebaker Rd. in Cerritos, CA to The Koll Company for $30.5 million, or about $166 per square foot.

Built in 1986 and renovated in 2013, the nine-story, 184,179-square-foot, 4-Star building sits on 4.2 acres in Los Angeles County. The asset was 74 percent leased at the time of sale.

Kevin Shannon, Blake Bokosky, and Paul Jones with CBRE represented the seller. The buyer handled the sale in-house.

Please refer to CoStar COMPS #3390745 for further information regarding this transaction.

 

Media Contact:
CoStar Group
Keith Dornin
News@CoStarGroup.com
CoStar.com

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