BREA, CA—Los Angeles-based Palisades Capital Realty Advisors has purchased a 121,143-square-foot office building at 2929 E. Imperial Hwy. here from Rialto Capital and the Koll Co. for $21 million. The property, which was completed in 1985 and renovated in 2013, is 100% leased to several high-profile companies including Zodiak Inflight Innovations and Underwriters Laboratories.

JLL‘s capital markets managing director Bob Prendergast and VP Baker Morphy led the JLL team in representing the seller. GlobeSt.com has learned that the buyer represented itself in the transaction.

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