The addition of the 40 foot wall of plants to the common area adds bold color to the upgraded creative office building.
The addition of the 40 foot wall of plants to the common area adds bold color to the upgraded creative office building.
Refinancing loan allowed the company to take out additional money for capital improvements and to continue tenant improvements through the lease-up process.
Quest Realty Group purchased the property below market value for $7,025,000 ($130/SF) as a Value-Add Investment.
Purchased in 2006 for $4,800,000, the exit price offered an ownership an excellent opportunity to sell the property and trade into a new asset with additional upside.
Five Acres, also known as The Boys’ & Girls’ Aid Society of Los Angeles signed a 7-year lease for 9,524 SF of office space at Garvey Office Plaza in May 2017 at a starting rate of $2.30/SF with 3% annual increases.