WEST LOS ANGELES-Arden Realty Inc., the owner of 220 office buildings comprising more than 13.3 million sf in western markets, plans a national expansion that will take the West Los Angeles-based company into the Central and Eastern US. Arden chief investment officer Michael Lynch tells GlobeSt.com that Arden, which will continue to be based here, will be looking primarily for value-add and core-plus office properties in Midwestern and East Coast markets.

Lynch notes that Arden already has acquisition directors in the Midwest and on the East Coast as part of the Direct Investments business unit of Arden’s parent, GE Real Estate. The office portion of the Direct Investments unit will be rolled into Arden as part of the national expansion.

“While the Arden name will be new in those places, we already have good people there who are experts, with good networks, so it should be a fairly seamless proposition to move into those markets,” Lynch tells GlobeSt.com. He says that Arden will focus on target markets, explaining, “We are not going to be in every market. We will probably be more bi-coastal with key interior markets.” Those markets will include, at minimum, Chicago, Denver and three Texas markets: Austin, Dallas and Houston.

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