Friday, November 13, 2015

CSAA Operations Center Conveys in Sale Leaseback Deal

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The two-story office at 5353 W Bell Road in Glendale which houses the operations center for CSAA Insurance Exchange transacted Tuesday for over $44 million. CSAA sold the building after over seven years of ownership. The sellers continue to lease the office 100% in a sale-leaseback agreement with the property's new owners, GI Partners.

The CSAA Operations Center totals over 200,000 rentable square feet in one building built on 23 acres. It is located west of the southwest corner of 51st Avenue and Bell Road in Glendale.

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