CBRE NEGOTIATES 10-BUILDING OFFICE/RETAIL COMPLEX TRANSACTION

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LA PALMA, CALIF. — An undisclosed East Coast-based pension fund has acquired Centerpointe La Palma, a 10-building office/retail property in La Palma, for an undisclosed price. The 532,000-square-foot complex features nine office buildings and a retail building. At the time of acquisition, the property was 92 percent occupied by credit tenants, including BP and Honeywell. Bob Smith, Mike Kane, Paul Jones and Karen Scholte of CB Richard Ellis represented the undisclosed seller in the transaction.

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