Lincoln Property Buys Westlake Village Building

A Newport Beach company has purchased a three-story, 127,000-square-foot office building in Westlake Village for more than $11 million.

Lincoln Property Co. acquired the building, located on an 8-acre lot in the 2600 block of Townsgate Road, which is currently occupied by Boeing/Rockwell. The site formerly served as a high-security building for Rockwell and IBM.

Keith Green and John DeGrinis of the Seeley Co. represented the seller; Old Republic Exchange Facilitator Co. and Grubb & Ellis Co. represented the buyers.