Arden Buys Properties for $278 Million
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Arden Realty, the largest office landlord in Los Angeles County, said it had acquired an office complex in San Diego and agreed to buy a Wilshire Boulevard property in transactions valued at $278 million.
The Los Angeles-based real estate investment trust paid Credit Suisse First Boston and a partner $185 million for Sorrento Mesa Corporate Center, four office buildings totaling 555,000 square feet with a 54,000-square-foot retail center in northwestern San Diego.
Arden also agreed to buy a 408,000-square-foot office tower at 5670 Wilshire Blvd. in the Miracle Mile district of Los Angeles for $93 million. The seller is J.H. Snyder Co.
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