Boston-based AEW Capital Management has purchased a 110,000 square foot industrial building in Panorama City, according to the brokerage firm representing the parties.
The real estate investor purchased the property for an undisclosed price from Titan Pacific LLC, NAI Capital Inc. said this week.
“There are very few Class A industrial properties that trade hands in our marketplace,” NAI senior vice president Chris Jackson said in a statement. Jackson and his partner Todd Lorber represented both parties in the deal.
The building’s main tenant is currently Creative Technology Group, which has their Los Angeles office at the industrial property.