Contractors Sell Building

In preparation for relocation to new and expanded offices in Los Angeles Corporate Center, Associated General Contractors of California Inc. has sold its Southern California headquarters, 2551 Beverly Blvd., to a Los Angeles investor.

Coldwell Banker Commercial Real Estate Services handled the AGC relocation to new facilities and represented it in the sale of its property. Grubb & Ellis represented the buyer, James Stroud, in the $800,000-plus transaction.

Plans call for AGC to lease back the 7,423-square-foot building for several months until its relocation. Stroud’s law firm will occupy the AGC building after it is remodeled.