The 103,719-sf development stands at 195-325 E. Hillcrest Drive.It's known by local brokers as Thousand Oaks Financial Plaza.

The development was purchased by IPX Inc., a private investmentgroup based in Santa Barbara. The office complex was sold byPacifica Thousand Oaks LLC, another Southland-based real estateinvestor.

A Grubb & Ellis team of Kevin Shannon and Tom Festarepresented Pacifica Thousand Oaks in the transaction. MichaelSlater of CB Richard Ellis represented IPX.

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