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Thursday, May 9, 2024

Westlake Village Office Building Sells for $32 Million

 An office building in Westlake Village has sold for $32 million, or roughly $303 per square foot.

Built in 1987, the two-story structure is located at 5601 Lindero Canyon Road. It has 105, 531 square feet and 443 parking spaces.

The buyer is Garden Commercial Properties, a retail and office developer based in Short Hills, New Jersey. The company is a subsidiary of Garden Homes, a residential developer.

The seller was EQ Office in Chicago.

Jones Lang LaSalle brokered the deal.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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