Selective 21314 Lassen, LLC Acquires Industrial Property in Chatsworth
CHATSWORTH, California (May 5, 2017) – Selective 21314 Lassen, LLC, an entity of Encino based Selective Real Estate Investments, announced it has acquired 21314 Lassen Street in Chatsworth, CA. The seller was represented by Greg Barsamian, Managing Principal, Michael Neil, First Vice President and Mike Centurioni, First Vice President at Coldwell Banker Commercial Advisors (CBC Advisors) of Glendale. Selective was represented by Ron Feder of KW Commercial of Calabasas.
“Selective is pleased to expand its ownership presence in Chatsworth and appreciates the opportunity provided by the CBC Advisors and KW Commercial teams. Chatsworth is a supply constrained market with upside and should benefit as the Warner Center industrial base shifts in its transition to housing,” commented Brian Fagan, Managing Partner at Selective.
“CBC Advisors is pleased to have had the opportunity to provide consultation and brokerage services to the seller that allowed them to fulfill their financial goals,” commented Greg Barsamian, Managing Principal at CBC Advisors.
21314 Lassen is a 121,146 square-foot single-story building on 5.1 acres. The transaction registers as one of the largest industrial building sales in Chatsworth in 2017. The property is walking distance to the Chatsworth Metro Link Station.
Selective has owned and redeveloped industrial and retail properties in Chatsworth including the former AMF Rocket Bowl and LA Fitness on De Soto Avenue which Selective redeveloped into a De Soto Square, a Starbucks, Chipotle, McDonalds anchored proeprty. Selective owns and manages over 1.5 million square feet of commercial properties.
As a full-service commercial real estate brokerage, CBC Advisors represents world-class office, retail, investment, industrial and multifamily projects while providing institutional-grade asset services nationwide. More than 500 CBC Advisors professionals advise clients from 30 offices coast to coast.
About Coldwell Banker Commercial Advisors
Coldwell Banker Commercial Advisors (CBC Advisors) is the largest Coldwell Banker Commercial organization gloabally and has maintained its designation as the top-performing affiliate in the world for 13 consecutive years. With over 500 professionals in 30 offices spanning New York to Los Angeles and from Miami to Anchorage, CBC Advisors provides the most technologically advanced and dynamic platform in the industry. For more information visit www.cbcadvisors.com.
Bryan Welch, Chief Communications Officer
Coldwell Banker Commercial Advisors
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