CGS3 Arranges $58M Sale of Ground Lease Interest in Brentwood Gateway Office Building in Los Angeles


Located in the Brentwood neighborhood of Los Angeles, Brentwood Gateway features 104,716 square feet of office space. (Photo courtesy of CGS3)

LOS ANGELES — Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) has arranged the sale of a ground lease interest in Brentwood Gateway, a 10-story office building in Los Angeles’ Brentwood neighborhood. Brentwood Gateway LLC, an affiliate of Vintage Capital Group, sold the asset to Sargossa LLC, an affiliate of Fortress Investment Group, for $58 million.

Located at 11611 San Vicente Blvd., the 104,716-square-foot building was built in 1977. At the time of sale, the property was 99 percent occupied by a variety of tenants including Buter, Buzard, Fishbien & Royce; Allison & Partners; and Oaktree Capital Management.

David Alvardado and Eoin Gubbins of CGS3 handled the deal. Newmark Knight Frank served as broker for the seller, while the buyer was self-represented in the transaction.

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