Legacy Partners Solidifies Ground Lease for MODA at Monrovia Station

Together with Griffin Capital and Silverpeak Real Estate Partners, privately-owned Legacy Partners closed the lease on a 2.8-acre parcel in Monrovia, CA. In an effort to capitalize on the growing transit-oriented community, adjacent to Monrovia Station, the trio is planning for MODA at Monrovia Station, a 261-unit multifamily development.

MODA at Monrovia Station is slated for a 2018 completion, and will feature state-of-the-art appliances, a fitness center, game room, courtyards, a rooftop terrace and more.

Legacy Partners’ Senior Managing Director Timothy J. O’Brien said, “With the new Gold Line station opened in March, . . . we envision residents enjoying easy access to both the local hometown community here in Monrovia . . . as well as the greater Los Angeles area.”