89.4 F
San Fernando
Thursday, Feb 22, 2024

Intercontinental Purchases Connexion Burbank for $125 Million

Intercontinental Real Estate has purchased the Connexion Burbank complex at 303 N. Glenoaks Blvd. for roughly $125 million, or $370 per square foot, according to Costar Group. The Class A office property, built in 1983, has three buildings and 180,180 square feet. Connexion Burbank last sold in 2015 for about $84 million. Legal firm Louie & Stettler and real estate companies California Lutheran Homes and Regus are among the building’s 25 tenants. The seller was Lincoln Property Co. The transaction was brokered by Newmark Knight Frank.

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.

Featured Articles

Related Articles