California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Connexion Burbank Goes for $124M
Connect Los Angeles is planned March 27th at the Hotel Indigo in DTLA. Here is where to get more information and REGISTER.
Connexion Burbank, a three-building, urban office campus totaling 337,904 square feet in downtown Burbank, CA has sold for $123.5 million. The buyer was Intercontinental Real Estate Corporation, while the seller was a joint venture between Lincoln Property Company and Angelo Gordon.
Located on more than three acres at 303 N. Glenoaks Blvd., 333 N. Glenoaks Blvd. and 300 E. Magnolia Blvd., the 91%-occupied properties were built between 1978 and 1984 and were recently updated. The renovation and rebranding, which totaled nearly $8 million, included lobby upgrades, two new outdoor decks that tier down into an open patio area, extensive plaza renovations, new common areas and other modern enhancements.
NKF Capital Markets’ Kevin Shannon, Rob Hannan, Michael Moll and Laura Stumm represented the seller, along with Lincoln Property Company’s Kent Handleman and CBRE’s Doug Marlow, who served as local market leasing advisors in the sale. The buyer was self-represented.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


