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South Pasadena Creative Office Sold
Beverly Hills, CA-based Greenbridge Investment Partners acquired Six25 Fair Oaks, a 92,547-square-foot creative office building in South Pasadena, CA, from Genton Cockrum Partners for $31 million. Located at 625 Fair Oaks Ave., the three-story, Class A suburban property was built in 1987, and was repositioned and re-tenanted as a creative office building.
Genton Cockrum Partners had acquired the asset in 2014 for $20 million. The West Hollywood, CA-based firm’s Bill Cockrum notes, “There has been increasing demand for thoughtfully-designed creative office space in the supply-constrained suburban core locations where you have higher Walk Scores and/or close proximity to transit.”
Creative features were added that appealed to global technology, design, creative and traditional tenants.
CBRE’s Chalvis Evans, who handled both the sale and leasing says, “Genton Cockrum Partners not only had the vision for Six25, but also executed their business plan, generating successful leasing and investment results.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
