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Tuesday, Jul 5, 2022

Glendale Office Complex Sells for $6.9 Million

A 30,126-square-foot multi-tenant office complex has sold in Glendale for $6.85 million.The building at 600 W. Broadway in Glendale was built in 1986 and was 95 percent occupied by the close of escrow.The buyer, Ohno Enterprises, plans to occupy more than half the property.Avison Young Principals Andrew Berk and Mark Evanoff, based out of the company’s North Los Angeles office, represented seller Positive Investments. Artak Dovlatian of Specialized Realty represented Ohno.“This was a very challenging transaction as tenants within the building were unsure about their tenancy due to COVID-19,” Berk said in a statement. “We worked overtime to communicate and negotiate with many of the tenants over numerous weeks to create solutions that worked for all parties, successfully completing the deal.”Berk added that his firm had sold the property to Positive Investments a few years ago. Once Positive Investments made significant capital improvements to the property, they embarked on selling the asset.Located near The Americana at Brand and Glendale Galleria shopping centers, the building is within a short drive from headquarters for companies such as Walt Disney Co., Warner Bros. Entertainment, Avery Dennison and ServiceTitan.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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