Representative Properties

Chamber of Commerce

117 E. Colorado Boulevard
Pasadena, California

Purchased:

October 2010

Price:

$26,300,000 ($313 per square foot)

Size:

84,000 square feet.

The Chamber of Commerce Building is a landmark historic building comprising five stories of offices above a ground floor of retailers. The building, which was constructed in 1904 and has been substantially upgraded over the years for modern use, is located on Colorado Boulevard within Old Pasadena, one of Southern California's premier shopping and dining destinations. The property includes a 246 space multi-level parking structure.

The Chamber of Commerce Building is considered the highest-quality, trophy office building in Old Pasadena.

Status - Long-term hold for current cash flow and capital appreciation.