Macker and Craig Newlands, also of Coldwell Banker Commercial Westmac, represented the buyer. The three-story multi-tenant office building was built in 1981 and was 55% occupied at time of sale.

[IMGCAP(2)]The 12304 Santa Monica Blvd. building sold for $28.9 million two years ago, according to a GlobeSt.com report at the time. The latest sale included lender financing and is one of few investment sales for larger office buildings in Santa Monica this year, according to Bob Safai of Madison Partners, who represented the seller, PMCF Properties LLC, along with Lynwood Fields and Joe King of Madison Partners.

Another office building to sell on the Westside of L.A. recently was a 41,000-square-foot building at 6025 Slauson Ave. in Playa Corporate Center, according to brokers from the Klabin Co. The buyer was Punch Studio, a manufacturer of gift and stationery items, which paid $10.8 million for the building, which will serve as its primary design studio and administrative offices.

The 6025 Slauson Ave. building is next door to an existing Punch Studio office and warehouse facility. Todd Kirshner, owner of Punch Studio, said the newly acquired, two-story office building, will be joined to the company's current facility with the addition of a new wing connecting the two buildings. The new complex, scheduled to be completed in late 2011, will total approximately 140,000 square feet and will be valued at approximately $35 million upon completion, Kirshner said.

Punch Studio was represented by Ron Rader, a principal and executive vice president in the Klabin Co.'s Los Angeles office, and Doug Marshall, also a Klabin principal. The seller was represented by Stan Gerlach, Jeff Pion, Bryan Dunne, and Michelle Esquivel-Hart of CB Richard Ellis.