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BURBANK, CA-The AFTRA-SAG Federal Credit Union has acquired a 17,000-sf office building and a nearby parcel of land from Lawyers Mutual Insurance Co. for $4.5 million as part of a plant to relocate the credit union’s headquarters and build a fourth branch.

The three-story redwood office building that the union acquired is at 134 N. Kenwood St. and served as Lawyers’ corporate headquarters since 1986. According to Robert Erickson of Cushman & Wakefield, who along with Brad Feld represented the buyer, Aftra-SAG will move its administrative offices to the Burbank building from its current location at 12711 Ventura Blvd. in Studio City. The non-profit credit union plans to build its fourth branch on a 15,126-sf square-foot parcel of land at 3820 Riverside Drive near the Kenwood Street office building. Its three other branches are in Hollywood, Los Angeles and Studio City.

Leslie Kenworthy of First Commercial Group represented the seller.

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