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LOS ANGELES-The five-story Westwood Terrace office building has been purchased for $54 million. The 150,632-square-foot property was bought by a joint venture between Ocean West Capital Partners and Westbrook Partners.

CBRE’s Kevin Shannon, Ken White, Todd Tydlaska, and Mike Moll represented the seller, Jamison Properties, in the transaction. Westwood Terrace was an off-market acquisition and allegedly generated interest from several parties trying to pre-empt the marketing process, according to the brokers.

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