Owner/User Pays $10M for Woodland Hills Offices

Lee & Associates – LA North/Ventura, Inc. has represented S&G PROPERTIES MANAGEMENT LLC in the acquisition of a three-story 62,241-square-foot office building located at 5550 Topanga Canyon Blvd. in the Warner Center/Woodland Hills submarket of Los Angeles for $10.05 million. The new ownership plans to occupy a portion of the building for its company, Citiguard.

The Lee & Associates LA North/Ventura team of principal Darren Casamassima, principal/managing director Scott Romick and principal Jay Rubin represented the buyer. The team will also oversee leasing of the property moving forward.

“We are seeing strong demand from owner/users in the Warner Center/Woodland Hills submarket, which continues to be an attractive option for companies seeking growth opportunities in Los Angeles,” said Casamassima. “The buyer was attracted to the building’s prominent location, visibility from the 101 Freeway and the upside potential to create a best-in-class office property in this area.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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