Harbor Closes Distressed Liquidation Sale in 25 Days
LONG BEACH, Calif., June 15, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired 10281 W. Pico Blvd., a 33,000 square foot office building located in Century City in a joint venture with Stockbridge Capital Group (“Stockbridge”). Harbor acquired the asset through a distressed liquidation sale and purchased the property in 25 days. This transaction marks the seventh value-add office acquisition for Harbor in the last two years and expands the firm’s existing footprint in Southern California. Kevin Shannon and Rob Hannan with NGKF represented the buyer and seller in the transaction.