July 7, 2020
Beverly Hills-based Omninet Capital acquired a suburban office portfolio, totaling 256,602 square feet, in Westlake Village, CA from Topa Equities for $55 million. The portfolio consists of a two-building, 195,906-square-foot office project at 2801 and 2815 Townsgate Rd. and a two-building, 69,707-square-foot campus located at 100 and 200 N. Westlake Blvd.
Omninet Capital’s Michael Danielpour says, “These Westlake properties are a good addition to our existing portfolio along the 101 corridor.”
NKF’s Sean Fulp, Kevin Shannon, Ken White, Ryan Plummer, Mark Schuessler and Ryan Tetrault represented the seller. The buyer was self-represented.
Fulp says, “The buyer and seller are very sophisticated private family offices, which further validates the narrative that a majority of the sales taking place right now involve a noninstitutional investors. Private investors will likely continue to control the market until there is greater clarity with regard COVID-19 and the effect it is going to have on the economy and real estate.”
For comments, questions or concerns, please contact Dennis Kaiser