Kennedy Wilson’s Brokerage Division represents Unilev Capital Corporation on sale of Warner Atrium
The brokerage division at Kennedy Wilson, a global real estate investment and services company, has represented owner Unilev Capital Corporation on the sale of Warner Atrium, a 128,762-square-foot office building located at 6400 Canoga Avenue in Woodland Hills, California.
Fred Cordova, Charlotte Pruitt, Ravi Choudhry and Jake Sachs of Kennedy Wilson’s brokerage division represented the seller, Unilev Capital Corporation, in the transaction.
Previously purchased by Unilev in 2015 for USD20 million, the 100 per cent leased property has been sold for USD27,750,000 to Sandstone Properties, as part of a 1031 exchange. Additional terms of the sale have not been disclosed.
“Warner Center is thriving as technology companies continue to move into the area and institutional investors are taking more of an interest in new retail and multifamily development,” says Cordova. “Unilev Capital Corporation was ready to sell the property and the buyers were looking for a second long-term investment in the Woodland Hills area to complete their exchange. We were pleased to connect the two opportunities to create a win-win solution.”
Located in the Downtown District of Warner Center, near many restaurants and retailers, Westfield Topanga and Costco Wholesale, Warner Atrium is perfectly situated to take advantage of future growth opportunities while achieving strong cash flow.