The office park, fronting the 101 freeway on Agoura Road justwest of the Las Virgenes exit, was 98% occupied at the time of thesale. The deal included land adjacent to the park that is theplanned site of an additional 50,000-sf class A officebuilding.

The transaction was brokered by a team from CB Richard Ellisincluding Michael Slater, Tom Dwyer, Jennifer Rice, Tom Bohlingerand Kevin Shannon. The Slater, Dwyer and Rice team will also handleleasing at the office complex, which features amenities including ahighly visible freeway location, surface and subterranean parking,a park-like setting, water features, an on-site gym and a café.

The property has maintained an occupancy of more than 90%throughout its history and has commanded some of the highest rentlevels in the West San Fernando Valley/Conejo Valley, according tothe Johnston Group's website. It points out that "all sevenbuildings in the overall office park are interconnected byfiber-optic cabling, enabling tenants to expand within the parkwhile maintaining their existing telecom and data services."