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Agora Eyes Former Wells Fargo Branch for Redevelopment
Agora Realty & Management recently acquired a vacant freestanding two-story building that formerly housed a Wells Fargo bank branch. The 5,424-square-foot building is located at 143 S. Barrington Pl. in the Brentwood Village neighborhood of Los Angeles.
The purchase represents the third standalone bank building acquired by Agora. This asset was acquired from Wells Fargo for an undisclosed purchase price. Geoff Martin from CBRE represented Wells Fargo and Agora was self-represented.
“We liked this asset for multiple reasons. It is a prime neighborhood location with great surface and underground parking for the area. This transaction is indicative of Agora’s successful investment strategy of acquiring former bank buildings in prime locations for redevelopment and re-tenanting,” said Aaron Lefton, president of acquisitions and leasing, Agora Realty.
- ◦Sale/Acquisition
