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| Michael Leggett |
LOS ANGELES, CA – JLL
Capital Markets announced it has completed the sale of 101 S. Marengo, a
315,000-square-foot, Class A office asset in Pasadena, California.
JLL represented the seller and procured the buyer in this
transaction.
101 S. Marengo Avenue is located on a 2.88-acre transit-oriented
site just one block from the LA Metro Gold line and in close proximity to
numerous freeways, including the Pasadena (110), Ventura (134) and Foothill
(210) Freeways that provide east and west access to the greater Los Angeles
area.
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| Andrew Harper |
Additionally, with a Walk Score® of 98,
101 S. Marengo is steps from Old Town Pasadena, a 22-block area with numerous
dining, retail and entertainment outlets, as well as Paseo Colorado, an outdoor
lifestyle destination with top-tier shopping, dining and entertainment
featuring Archlight Cinemas, Equinox, Yard House and P.F. Changs, among others.
The JLL Capital Markets team representing the seller was led by
Senior Managing Director Michael Leggett, Managing Director Andrew
Harper, Director Will Poulsen and Managing Director Patrick
Church with the JLL leasing team.
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| Will Poulsen |
The firm's in-depth local market and global investor
knowledge delivers the best-in-class solutions for clients — whether investment
advisory, debt placement, equity placement or a recapitalization.
The firm has more
than 3,700 Capital Markets specialists worldwide with offices in nearly 50
countries.
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
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| Patrick Church |
Jones Lang LaSalle Americas, Inc. ("JLL") is a real
estate broker licensed with the California Department of Real Estate, license
#01223413.
Contacts
Andrew
Harper, JLL Managing Director
CA Lic.: #01319640
Phone: +1 310 407 2139
Email: Andrew.Harper@am.jll.com
Kristen Murphy, JLL Senior Manager, Public Relations
Phone: +1 617 848 1572
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