The new owners acquired the building several months ago fromRoyal Investment Systems Partnership, according to Matt Douglas ofEl Segundo-based Venture West Funding Inc., a mortgage brokeragefirm that arranged the loan through KeyBank CommercialMortgage.

Dougas tells GlobeSt.com. the loan provides funds for tenantimprovements, leasing commissions, and minor rehabilitation. Hesays the 22-story building was built in 1982 and has undergoneseveral minor renovations since. The multi-tenant building is 93%occupied, he says, and includes some ground floor retail space.

Privately owned Venture West arranges loans for the purchase andrefinance of single-family homes, apartment buildings andcommercial properties.

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