Jeff Kott, a principal at Bristol, tells GlobeSt.com that thefirm had owned the 1055 W. Seventh St. building since 1991 and thatthe property is one of a number of assets that the company has soldin the past year or so as it disposes of some properties andreinvests the proceeds into others. In a deal last year, forexample, the Bristol Group sold about 4.7 million sf of industrialspace in Southern California, part of more than seven million sf ofreal estate nationwide that the San Francisco-based firm has soldin the past 18 months.

The Bristol Group’s remaining portfolio consists ofmore than nine million sf of commercial properties with anadditional two million sf in the development pipeline. In the saleof the 1055 W. Seventh St. building, the company was represented byKevin Shannon, Tom Bohlinger, Todd Doney and Todd Tydlaska of CBRichard Ellis.

The largest tenant at the Seventh Street building is the LosAngeles Unified School District, which occupies 117,054 sf in a10-year deal that the school district signed in 2005. The newacquisition represents a value-added play for Jamison, which owns22 million sf of commercial office space in Los Angeles and is oneof the largest owners of office space in Southern California.