Broadreach Capital Partners acquired a 231,000-square-foot office building in Pasadena, Calif.
The value of the transaction was approximately $39.3 million.
San Mateo, Calif.-based Limar Realty Group sold the asset, known as Pasadena Tech Center, which is comprised of a two-story office building at 465 Halstead St.
The project was 91 percent leased at closing, with the majority to Earthlink Network Inc.
Broadreach Capital Partners LLC is a real estate private equity firm that invests in a variety of western U.S. commercial real estate.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!