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Off-Market Transactions Are a Win-Win

LOS ANGELES—As competition grows, so does the appetite for off-market transactions, according to Bob Safai at Madison Partners, who just closed his 10th major off-market deal in two years.

500 Central Ave. The property has nine stories and 123,732 square feet of rentable space.

LOS ANGELES—Off-market transactions are becoming the best way to secure a good deal in this competitive market, but they can be hard to accomplish. In an off-market deal, the Volwood Corp. has purchased 500 N. Central Ave. in Glendale for $27.3 million from Peregrine Realty Partners. Madison Partners’ Bob Safai, Matt Case and Brad Schlaak represented the buyer in the transaction, making this their 10th off-market deal in two years, a total of $326 million in transaction volume.

“Off market deals are difficult to do and find,” Safai, president and founder of Madison Partners, tells GlobeSt.com. “They are relationship based and obviously involve creating a win-win scenario. “I have done over 2 billion dollars worth of these transactions in my career.”

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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