{"id":1004202955,"date":"2018-01-10T01:52:24","date_gmt":"2018-01-10T09:52:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202955"},"modified":"2022-12-08T15:56:29","modified_gmt":"2022-12-08T23:56:29","slug":"ascentris-snags-143-ksf-office-in-the-san-fernando-valley","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ascentris-snags-143-ksf-office-in-the-san-fernando-valley\/","title":{"rendered":"Ascentris Snags 143 KSF Office in the San Fernando Valley"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004202969\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004202969\" data-attachment-id=\"1004202969\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ascentris-snags-143-ksf-office-in-the-san-fernando-valley\/tri-center-plaza-in-van-nuys-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif.-e1515506088453.png\" data-orig-size=\"814,612\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tri-Center Plaza in Van Nuys, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tri-Center Plaza in Van Nuys, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif.-e1515506088453.png?w=814\" loading=\"lazy\" class=\"wp-image-1004202969 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif.-e1515506088453.png\" alt=\"Tri-Center Plaza in Van Nuys, Calif.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif.-e1515506088453.png 814w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif.-e1515506088453.png?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Tri-Center-Plaza-in-Van-Nuys-Calif.-e1515506088453.png?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004202969\" class=\"wp-caption-text\">Tri-Center Plaza in Van Nuys, Calif.<\/p><\/div>\n<p>Ascentris has acquired Tri-Center Plaza, a 143,000-square-foot in Van Nuys, Calif., from a private owner. The Denver-based company selected Monday Properties, which assisted the buyer in the deal, to oversee the management and leasing of the property. CBRE\u2019s Matt Heyn and Caitlin Hoffman will provide leasing services, while Davis Partners will serve as property manager.<\/p>\n<p>Tri-Center Plaza, located at 5990 Sepulveda Blvd., was completed in 1990 and features more than 450 parking spaces. Tenants include Momentous Insurance Brokerage, Cherokee and Velur Enterprises. The new owner\u00a0is set to implement a renovation program, as well as a pleasing strategy. Planned renovations include upgrading the exterior, amenities and modernizing the common areas. Due to its location within\u00a0the San Fernando Valley, the asset offers easy access to Interstate 405, multiple restaurants and hotels, including Denny\u2019s, Socorro\u2019s Restaurant and Hampton Inn.<\/p>\n<p>CBRE\u2019s Brad Zampa, Sean Sullivan, Michael Longo, and Megan Woodring arranged equity and debt financing on behalf of the buyer. Earlier this month, Zampa and Woodring secured the acquisition loan for a 74,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/mid-rise-la-office-building-changes-hands\/\">North Hollywood office<\/a> mid-rise.<\/p>\n<p><em>Image courtesy of Monday Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A private investor sold Tri-Center Plaza in Van Nuys, Calif., to Ascentris. The new owner is set to embark on a renovation program that includes upgrading the exterior, amenities and modernizing the common areas.<\/p>\n","protected":false},"author":753,"featured_media":1004507930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21747,37301,15],"tags":[34987,32789,36462,36370],"class_list":["post-1004202955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-uncategorized","category-west","tag-ascentris","tag-cbre","tag-davis-partners","tag-sean-sullivan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ascentris Snags 143 KSF Office in the San Fernando Valley - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ascentris-snags-143-ksf-office-in-the-san-fernando-valley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascentris Snags 143 KSF Office in the San Fernando Valley\" \/>\n<meta property=\"og:description\" content=\"A private investor sold Tri-Center Plaza in Van Nuys, Calif., to Ascentris. The new owner is set to embark on a renovation program that includes upgrading the exterior, amenities and modernizing the common areas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ascentris-snags-143-ksf-office-in-the-san-fernando-valley\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-10T09:52:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:56:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Tri-Center-Plaza-in-Van-Nuys-Calif..png\" \/>\n\t<meta property=\"og:image:width\" content=\"1093\" \/>\n\t<meta property=\"og:image:height\" content=\"613\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ascentris-snags-143-ksf-office-in-the-san-fernando-valley\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ascentris-snags-143-ksf-office-in-the-san-fernando-valley\/\",\"name\":\"Ascentris Snags 143 KSF Office in the San Fernando Valley - 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