July 11, 2017
NKF completed the $59-million sale of an eight-story, creative office building totaling 189,109 square feet in Glendale, CA. The Class A asset, located at 207 Goode Ave., was acquired by Credit Suisse.
NKF Capital Markets’ Kevin Shannon, Rob Hannan, and Michael Moll represented the seller, Lincoln Property Company and Morgan Stanley. The buyer was self-represented.
Built in 2009, 207 Goode Avenue is situated on a more than one-acre parcel, and is 76% occupied by four tenants including Avery Dennison, Whole Foods, Canon, and Equinox Fitness.
“207 Goode is a trophy asset and offers a competitive advantage over older product in the Tri-Cities market, as it is one of only five institutional office buildings developed here over the last decade,” said Shannon.
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