DMC Investment Buys Office/Industrial Complex
A four-building office/industrial complex in Westlake Village has been sold for more than $6 million.
The 75,851-square-foot complex at 2637-2649 Townsgate Road was purchased by DMC Investment Corp. from Townsgate Business Center. DMC, which owns industrial properties throughout Los Angeles, is expanding into the Conejo Valley with its recent purchase.
The sale was negotiated by Capital Commercial Real Estate’s Conejo Valley office, which represented the seller. That office also negotiated two industrial leases in Thousand Oaks and Newbury Park for more than $500,000.
Holden Color, a Westlake Village color graphics and printing firm, has expanded into Newbury Park with a five-year lease valued at $340,000 for more than 10,000 square feet of industrial space at 1153 Lawrence Drive.
Seacor International, an environmental engineering firm based in Seattle, has moved its Conejo Valley office from Newbury Park to Thousand Oaks. It is leasing more than 5,000 square feet of industrial/office space at 290 Conejo Ridge for three years.
