ENCINO, CA-An investment group has paid $4.3 million for anoffice building here that will soon become the new corporateheadquarters of real estate brokerage firm NAI CapitalCommercial.
The 32,000-sf complex stands at 16001 Ventura Blvd., across thestreet from NAI Capital Commercial's current headquarters. It waspurchased by private partnership Ventura Gaviota LLC, which wasrepresented by NAI Capital Commercial's Bob Scullin and thebrokerage firm's chairman, Michael A. Zugsmith.
The seller is Newell & Associates LLC, anotherSouthland-based limited partnership. Newell was represented by NAICapital Commercial's Cathy Scullin and Ari Waldstein.
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