Mitsui Fudosan Buys Building

Mitsui Fudosan (U. S. A.) Inc. has purchased the Landmark Building in Canoga Park for $7.4 million in cash, according to a spokesman of the Faulkner Co., Los Angeles, which represented the Japanese-based firm in the negotiations.

The two-story, 53,000-square-foot building at 21515 Vanowen St., was purchased from Land Development Management. It was built in 1973 and is 100% leased, primarily to major insurance companies.

LMD Realty Services, an affiliate of Land Development Management, acted as the broker for the seller.