LOS ANGELES-Jamison Properties of Los Angeles, the owner of approximately 20 million sf of commercial properties in Southern California, has added to its portfolio with the $14.7-million purchase of a Mid-Wilshire office and retail building. Mark Perry of CB Richard Ellis tells GlobeSt.com that the nearly 73,000-sf property at 3020 Wilshire Blvd. is 100% leased to a variety of office, medical office and retail tenants.Jamison acquired the asset from Accord/New LLC in a transaction that was brokered by Perry and a team of other CBRE brokers including Carlene O’Neil, Jeff Pion and Brad Chelf. The sale was one of two that closed recently with Perry as part of the CBRE team, including a Washington Mutual building in West Covina that the bank sold for about $8.5 million.Perry tells GlobeSt.com that the two-story building at 3020 Wilshire Blvd., which was completed in 1958 and renovated in 1967, attracted about seven prospective buyers. He says the property appealed to investors for a variety of reasons, including the well maintained condition of the building, its signage on Wilshire Boulevard, recent capital improvements and its abundant parking.In the West Covina deal, the Foothill Transit Authority bought a 42,000-sf office building at 100 S. Vincent from Washington Mutual for $8.55 million. Besides Perry, CBRE brokers on that deal included O’Neil and Kevin Duffy.Perry tells GlobeSt.com that the building was about 75% occupied at the time of the sale but will become fully occupied when the new owner moves into the building. Washington Mutual, which has maintained office space as well as a bank branch there, will continue to operate the bank branch but will move out of the office space.Foothill Transit Authority will occupy about 70% of the building, with the rest of the space taken up by the bank branch and other office tenants. The six-story building was completed in 1971.

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