Private real estate investment company UCV LP acquired the four buildings from Los Angeles Media Tech Center LLC, according to Brian Corrigan and Rob Socci of the Anaheim Metro office of Voit Commercial Brokerage, who represented the buyer. The buildings are located at 2702, 2705, 2709 and 2710 Media Tech Center Drive. The buildings, which range in size from approximately 33,000 sf to 66,000 sf, are part of a seven-building, master-planned business park that was built in 2000 and is situated within 10 miles of Downtown and the Tri-Cities area of Glendale, Pasadena and Burbank. The properties that traded are 100% leased to a roster of tenants that includes the City of Los Angeles, Los Angeles Unified School District, Banc One, Altrio Communications, David Morse & Associates, and Aurum Technology.

Corrigan notes that the client had specific investment criteria that limited it to considering only properties in the $20-million to $30-million-price-range that had to be located in the city or Orange County. UCV acquired the assets for it long-term portfolio, he adds. Mark Perry of the Sherman Oaks office of CB Richard Ellis represented the seller.

The buildings that sold were part of a project that was developed by a partnership of Legacy Partners and AMB Property Corp., who described the site as "a campus environment with nearby retail amenities." The property is on the northern end of a part of the city known as Taylor Yard, on the eastern boundary of the Los Angeles River, which figured in the early history of the city and later became a railroad yard.