LOS ANGELES-Dallas-based Lincoln Property Company has purchasedan office building in Glendale from MPG Trust for an amount of $23million. The new office building, situated at 207 Goode Ave., isLEED Gold certified.
Lincoln Property acquired the property along with Morgan StanleyReal Estate Funds. The company is looking for possible tenants, andit hopes that the building will reach 90% occupancy within next 24months. The seller was represented by CB Richard Ellis in thetransaction. For the full story, go to San Fernando Valley BusinessJournal.
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