TARZANA, CA-A joint venture between Ethan Christopher LLC and an unrevealed national pension fund adviser has acquired the Wilbur Medical Plaza for $14.1 million, equivalent to $266 per square foot.
Atlantic Pearl Investments is the seller of the 53,000-square-foot three-floor medical office building located in Tarzana, which it bought in 1996. The national pension fund adviser is the majority stakeholder in the deal. Marcus & Millichap LLP's San Diego office negotiated the deal on behalf of the seller.For the full story, go to Los Angeles Business Journal.
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