Townsgate Technology Center, a 60,478-square-foot office building in Westlake Village, has sold for $12 million, or $198 a square foot.
In a deal closed on Dec. 27, Los Angeles-based Abington Emerson Investments LLC bought the building from Woodland Hills’ Syndicated Real Estate Investments.
Greg Pill of TriNet Investments represented the buyer. Mark Leonard, a principal of Lee & Associates-LA North/Ventura, and Lee’s Mike Tingus represented the seller together with Grant Fulkerson.
Located at 2475 Townsgate Road, the 2002-built Townsgate Technology Center currently has five tenants. According to Costar Group, the subject property is 70 percent leased to core tenants Walking Co. and Yoga Works, both of which recently renewed their leases. Other current tenants include Kb Synergy and Martin Worldwide Inc.