Invesco Sells Five-Building Westlake Park Place Office Campus in California for $80.8M
WESTLAKE VILLAGE, CALIF. — Invesco Real Estate has completed the disposition of Westlake Park Place, a five-building office campus located in Westlake Village. A partnership between Amstar and Searles Property Group purchased the asset for $80.8 million.
Delivered in 2008, Westlake Park Place features 239,003 rentable square feet of office space. At the time of sale, the property was 85 percent leased to a diverse mix of tenants.
Kevin Shannon, Rob Hannan, Ken White and Laura Stumm of Newmark represented the seller in the deal.