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WOODLAND HILLS, CA-The 154,000-sf Carlton Plaza here has sold for $28.8 million in one of two recently closed office transactions in two of the region’s premiere office markets, according to Madison Partners, which brokered both of the transactions. The other sale was a $24.5-million deal for the 102,000-sf Sunset Coast Plaza in PacificPalisades, which Lynwood Fields of Madison describes as a rare value-added play because of its location.Fields and Bob Safai of Madison Partners arranged both of the the sales, representing the buyer and the seller in both. Sunset Coast Plaza is a three-story building at 17373-17383 Sunset Blvd., on the northeast corner of Pacific Coast Highway and Sunset Boulevard. It is anchored by the Spectrum Sports Club and is home to such tenants as Front Range Office Solutions, Abacus Wealth Management and MedisisConsulting. The project is one of two class A properties in the Pacific Palisades/Malibu submarkets and was 90% leased at the time the sale closed. The buyer was Embarcadero Capital Partners and the seller was Pacifica Capital Group.Fields called the property “a rare value-added opportunity for the buyer” because of its extensive ocean and coastline views and easy access to nearby amenities. Carlton Plaza is a class A property located at 20750 Ventura Blvd. and is configured in a U shape around a central courtyard with east and west wings. The building was94% leased at the time the sale closed, with a tenant roster including Lewis Marenstein, Fidelity Trust, Coldwell Banker, Remax, Polk Scheer and Prober and Centerlink Insurance. Buyer GRE Carlton Plaza LP acquired the asset from Crown Woodland Hills LLC.

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