BRENTWOOD, CA-Lowe Enterprises Investment Management Inc. has sold the West Wilshire Center medical office building at 11600 Wilshire Blvd. to a private investor on behalf of a pension fund client.

The price was not disclosed, but knowledgeable sources estimate the buyer paid $14 million for the 55,000-sf property at Wilshire and San Vicente Boulevards, which Lowe acquired in May 2000 in conjunction with the acquisition of the adjacent office tower.

Lowe has retained ownership of the 180,000-sf adjacent office tower, at 11620 Wilshire, and will continue to manage it. The building recently underwent a $2 million renovation to its main lobby, entrance and common areas.The medical office building is 99% leased, according to Ted Leary, president of Lowe Enterprises Investment Management. Bob Safai of Madison Partners represented both the buyer and seller in the transaction.

Lowe Enterprises Investment Management is the wholly owned investment management subsidiary of L.A.-based Lowe Enterprises Inc., a national investment, management and development firm.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.