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SANTA CLARITA, CA-Brentwood Capital Partners of Los Angeles has acquired the 117,000-sf former Borax office and laboratory space at 26877 Tourney Rd. from US Borax Inc. and plans to convert it to mulitenant use, according to Daum Commercial Real Estate. The building, which is now vacant, is class B space that was built in 1992 and was occupied solely by Borax since then.

According to brokers from Daum who represented the buyer, the new owner plans to convert the entire building to office space unless a tenant is found that needs the lab area. The 117,000 sf includes an 86,000-sf, four-story office tower and a 31,000-sf laboratory.

With a tight supply of office product in the surrounding area and very little new product under construction, the acquisition provides the buyer with opportunity to command high rents in an already strong office market, notes Ron Berndt of Daum, who represented Brentwood Capital along with fellow Daum broker Kevin Tamura.

The property is located near the Valencia Country Club and in the Santa Clarita Valley’s main business district, which features a number of class A office buildings and corporate facilities. Borax moved out of the building as part of a relocation of its facilities to Denver. The company was represented by Victor Frandsen, Jim Lindvall and Alan Polacsek of Grubb & Ellis.

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