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LOS ANGLES-A pension fund advised by J.P. Morgan Investment Management has closed its previously announced purchased of the 24-story, 532,000-sf Glendale Plaza in Downtown Glendale.

The unnamed fund reportedly paid nearly $130 million for the development, which was completed 18 months ago on a speculative basis and now is nearly 100% occupied.

The Trammell Crow Co., which has worked with J.P. Morgan on several other projects, advised the buyer in the transaction. CB Richard Ellis represented the builder-owner team, privately held PacTen Partners and Morgan Stanley Real Estate Funds.

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