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VAN NUYS, CA-Majestic Investments of Los Angeles has acquired the 267,955-square-foot Sherman Plaza office complex at 15350 Sherman Way from Embarcadero Capital Partners of Belmont, CA for $49.5 million in a deal arranged by Madison Partners. The office project is a two-building complex of four- and five-story buildings on seven acres that is 95% leased and is just east of Interstate 405, the San Diego Freeway.

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