21,047-SQUARE-FOOT OFFICE BUILDING FETCHES $3.75 MILLION

PACIFIC GROVE, CALIF. — The Korda Group has acquired Country Club Gate Center, a two-story jewel-box office building in Pacific Grove. The 21,047-square-foot facility sold for $3.75 million or $178 per square foot. Bob Safai and Ron Jacobson of Madison Partners represented the buyer and the seller, Fowler Properties, in the transaction.