In the Woodland Hills Plaza transaction, Lynwood Fields ofMadison Partners reports that Dr. David Lee's Los Angeles-basedJamison Properties acquired the 91%-leased office building at 22801Ventura Blvd. from 22801 Associates LP. Built in 1983, thethree-story, black reflective glass building is at the northwestcorner of Fallbrook and Ventura. Fields, who brokered the sale,points out that the building's location adjacent to one of the SanFernando Valley's most active business districts, coupled with thevalue-added opportunity of increasing the under-market rents, makesit a strategic acquisition for Jamison.

In the other $6.4 million deal, Kathleen Silver of Grubb &Ellis' West Los Angeles office reports that Air Bay LLC of BeverlyHills purchased a 100% building at 955 Carrillo Drive in LosAngeles from Vesper Equities of Encino. Built in 1990, thefour-story, garden-style office building is located between SanVicente and Olympic boulevards. Silver represented the buyer, withthe seller represented by Marty Barkan of First Property.

In the third deal, Coppersmith Inc., an internationaltransportation firm with offices nationwide, has purchased a40,0000-sf office building at 525 S. Douglas St. in El Segundo from525 S. Douglas Street LLC for more than $5.7 million to expand itsLos Angeles headquarters. Luke Staubitz of Klabin says Coppersmithplans to occupy the two-story class A building in March, 2005following substantial tenant improvements. The company will employapproximately 80 workers at the El Segundo site, which will be arelocation from nearby Rosecrans Boulevard in El Segundo. Staubitzand Harvey Beesen represented Coppersmith, with the sellerrepresented by CB Richard Ellis and Julien J. Studley Inc.In thefourth transaction, the Dr. Inger W. Jensen Living Trust bought a26,225-sf office building at 120 N. Victory Blvd. in Burbank fromSFX Entertainment Inc., a subsidiary of Clear Channel, for $3.2million in a sale brokered by Rick Buckley and Evan Meyer ofMadison Partners. Built in 1986, the property is the formerlocation of SFX, which vacated the building in March 2003. Buckleydescribed the property as "one of the few value-added opportunitiesremaining in the Tri-cities market." The buyer was represented byRobert Stratton of Stratton Industrial Commercial Real Estate.