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Trio of Warner Center office buildings sold for $26.4 million

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A joint venture of Oakfield Realty Partners and Long Wharf Real Estate Partners has acquired three office buildings in the Warner Center district of Woodland Hills for $26.4 million.

Oakfield, a privately held commercial real estate investment firm based in Los Angeles, bought 5950 Canoga Ave., 5955 De Soto Ave. and 21155 Califa St. for about $145 per square foot, real estate broker Bob Safai of Madison Partners said. Long Wharf is a Boston private equity real estate manager.

The identity of the seller was not released, but real estate data provider CoStar identified the last owner as New York lender-based Guggenheim Commercial Real Estate Finance.

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“These buildings are in our backyard and we prefer to invest in locations where we understand the nuances of the submarket,” said Andy Carpiac, managing partner of Oakfield.

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