Lowe Enterprises Sells Agoura Hills Business Park to Arden Realty, Inc.AGOURA HILLS, Calif. -- Lowe Enterprises Investors (LEI) has sold the 115,227 square-foot Agoura Hills Business Park to Arden Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , Inc. The complex was purchased by Lowe Enterprises in 2000 from Equity Office. "Agoura Hills Business Park is a quality asset, well located, just off the I-101 freeway and close to restaurants, shopping and other amenities," said Howard Stern, chief investment officer and senior vice president of acquisitions for Arden Realty, Inc. Agoura Hills Business Park is a two building office complex set on 6.19 acres on Agoura Road. Lowe Enterprises completed renovations to the buildings in 2004 that included updating the lobby and common area corridors, replacements to tenant signage and directory boards, and other upgrades that enhanced the appearance of the complex. Major tenants include Symark International, Prudential Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , National Life of Vermont, Toyota Motor Credit Corporation and Candle Corporation. "The Lowe team's capital improvements and leasing programs increased the value of the property which is now 90 percent leased," said Joe Markling of Lowe Enterprises. Lowe Enterprises was represented by Mark Perry Mark Perry is the name of:
Arden Realty, Inc. is a self-administered, self-managed REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). that owns, manages, leases, develops, renovates and acquires commercial office properties located in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Arden is the largest publicly traded office landlord in Southern California, with 118 properties, consisting of 194 buildings and approximately 18.9 million net rentable square feet of office space. For more information on the company, visit the Arden website at www.ardenrealty.com. Los Angeles-based Lowe Enterprises is a leading national real estate investment, development and management firm. Over the past 33 years, it has developed, acquired or managed more than $7 billion of real estate assets nationwide. Through Lowe Enterprises Investors, its investment advisory affiliate, the firm currently manages in excess of $2.0 billion in real estate assets on behalf of investment clients. The firm maintains regional offices in Denver, Phoenix, Sacramento, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Irvine and Washington DC. |
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