August 11, 2015
One World Trade Center, an office complex in Downtown Long Beach, was recently acquired by investors for $106 million, in a deal brokered by CBRE. Greenlaw Partners and Walton Street Capital were the purchasers of the 574,981-square-foot asset, and the seller, a private owner, was not disclosed.
The building was only 59 percent leased at the time of the sale, but brokers said that the area is becoming more attractive because of the increasing amount of retail, multifamily and other uses in the area. World Trade Center has 27 stories of office as well as retail uses.