VITAL STATISTICS
THE MIX
8420, 8440, 8500, 8510 Balboa, Northridge
Deal Value: $170M
Newmark arranged the sale of The Mix, a five-building, 760,521-square-foot mixed-use campus in Northridge. The asset sold for $170.5 million. Kevin Shannon, Ken White, Rob Hannan and Laura Stumm represented the seller, a partnership between DRA Advisors and Shubin Nadal Realty Investors. The buyer was a joint venture between Affinius Capital LLC and Pendulum Property Partners.
The property, situated on a 40-acre site‚ was 74% leased at the time of sale, the campus has since grown to become the headquarters for Regal Medical Group and HemaCare, among other tenants. Befitting its name, “The Mix” property has office, industrial, R&D, and retail components.
VITAL STATISTICS
400 & 450 BRAND
400 and 450 North Brand, Glendale
Deal Value: Confidential
Newmark’s co-head of US capital markets Kevin
Shannon; vice chairmen Rob Hannan, Ken White, Laura Stumm and Michael Moll; and director Alex Beaton represented the undisclosed seller of this property.
This is a two-building office campus located in the heart of Glendale. Extensively renovated in 2016, 400 & 450 North Brand is Glendale’s second newest office development.
VITAL STATISTICS
VALENCIA CORPORATE PLAZA
28470 & 28490
Deal Value: $48M
Richard Ramirez and Craig Peters of CBRE successfully facilitated the sale of a prestigious three-building campus located at 28470-28490 Avenue Stanford in Santa Clarita. The esteemed buyer, Vallarta Supermarkets, a prominent Latino family-owned supermarket chain, selected this campus to serve as their new corporate headquarters.
Vallarta sought to expand its headquarters to a more versatile space capable of accommodating the evolving needs of the company and its employees.