(To read more on the industrial market, click here.)
LOS ANGELES-The buyer of a 19,251-sf light industrial buildingat 5877 Rodeo Rd. that has been converted to creative space plansto occupy part of the space and grow into the rest, according toColliers International. Owen Fileti in the West Los Angeles officeof Colliers International tells GlobeSt.com that the sale closedwithin five days after the opening of escrow.
Fileti, who negotiated the sale along with Steve Sendor ofColliers, says that the new owner,Cienaga West Inc., is acommercial cleaning firm that plans to use the building as flexspace. The small office build-out will continue be used as officespace, while the creative office space and warehouse portion of theproperty will be used for storing the buyer's business supplies andmanaging the business, Fileti explains.
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