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DEALS & PROJECTS

Published Thursday, October 01, 2009

Lexington Properties has sold a six-story, Class-A office building at 9300 Wilshire Blvd. in Los Angeles. The buyer, RP Properties, paid approximately $11 million, or $188 per sq. ft. The building, located near Beverly Hills Triangle, is 95.8% occupied. Madison Partners represented the buyer. The building has 58,484 sq. ft. of space on 16,409 sq. ft. of ground leased land. RP Properties will manage the property, and Madison Partners will assist with leasing. Gables Residential has signed a 10-year lease for 21,000 sq. ft. — a full floor — at The Lenox Building in Atlanta's Buckhead submarket and ...

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