JLL completes the sale of 101 South Marengo in Pasadena, CA

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.

Andrew Harper

 Originally built in 1974, 101 S. Marengo was occupied for many decades by a single tenant that vacated in 2019, and now offers the potential to fully renovate the building and create one of the premier office buildings in the Tri-Cities.

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.

Will Poulsen 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

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.

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

Email: Kristen.Murphy@am.jll.com