LOS ANGELES –Sunrise Real Estate Group has acquired a107,000-square-foot office building in the West Los Angeles submarket of Brentwood for $39 million. The Class A building is located at 12301 Wilshire Blvd.
The building is currently 75 percent leased. Notable tenants include Open Road Films and Opus Bank, as well as several dentists and dermatologists.
The property recently underwent a $5.5-million capital improvement program that was executed by the seller, TPMC Realty Corp. The building will be operated by SRG Management, a subsidiary of Sunrise Real Estate Group.
Sunrise acquired the building in partnership with Robhana Group and 4M Investment Corp. The buyers were represented by Ali Bararsani of Newmark Grubb Knight Frank. TPMC represented itself in this off-market transaction.