The Kidder Mathews team of Bill Boyd, Linda Lee and Scott Unger helped arrange the $27.5 million sale of the Glendale Financial Square Building in Glendale, CA. The seller was a partnership between three local real estate investors and the buyer was Hacienda Associates, LP.

The 126,000-square-foot office building is located on West Broadway, and is situated directly across the street from the Glendale Galleria regional mall. Taking advantage of a stable tenant base while securing additional tenancy, the buyer plans to invest in upgrading the building’s common areas and entry plaza. One interesting note: the property was Glendale’s first office building that provided direct elevator access from underground parking to the office floors.

“The purchase of the Glendale Financial Square is a good example that well-located core assets in a traditionally stable office market, still attract investment interest despite market distractions,” said Unger in a news release.