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Harbor Associates Buys Agoura Hills R&D Property for $19M
A joint venture between Harbor Associates and Platform Ventures, LLC has acquired a 119,000-square-foot office/R&D building in Agoura Hills, CA for $19 million. Harbor also signed A2 Biotherapeutics to a long-term lease at the building that will serve as the company’s headquarters.
Lee & Associates Principals Jay Rubin and Jared Smits negotiated the deal on behalf of the seller, Adler Realty. “This was an incredibly successful sale at a time when the market has been evolving rapidly in the Conejo Valley,” said Rubin.
“Agoura Hills is more convenient than Thousand Oaks for bio tech recruiting talent from the San Fernando Valley, Downtown and West LA. We were able to identify a well-located building that was prime for multi-tenant life science conversion while helping A2 Biotherapeutics meet its business objectives,” said Harbor Associates Principal, Rich McEvoy.
Mark Perry of CBRE represented the buyer in the transaction and Cushman & Wakefield’s Rick Pearson represented A2 Bio in the lease negotiations.
- ◦Lease
- ◦Sale/Acquisition
