{"id":1518,"date":"2019-05-16T19:48:37","date_gmt":"2019-05-17T02:48:37","guid":{"rendered":"https:\/\/www.lee-associates.com\/pasadena\/?p=1518"},"modified":"2019-11-19T10:48:04","modified_gmt":"2019-11-19T18:48:04","slug":"lee-associates-pasadena-closes-10-6-million-sale-of-historic-old-pasadena-mixed-use-property","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/pasadena\/2019\/05\/16\/lee-associates-pasadena-closes-10-6-million-sale-of-historic-old-pasadena-mixed-use-property\/","title":{"rendered":"Lee & Associates-Pasadena closes $10.6 Million Sale of Historic Old Pasadena Mixed-Use Property"},"content":{"rendered":"

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DOHENY FAMILY TRUST ACQUIRES THE BRUNSWICK COURT BUILDING IN $10.6M ACQUISITION WITH PLANS FOR HIGH-END MIXED USE RETAIL & OFFICE<\/strong><\/p>\n

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May 25, 2019 (PASADENA, CA) –\u00a0<\/strong>Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces that the Doheny Family Trust has acquired the 10,755-square-foot Brunswick Court Building from the Barbara K Nyberg Trust for $10.6M. Lee & Associates – Pasadena\u2019s Jodi Shoemake<\/a> and Dan Bacani<\/a> represented the seller.<\/p>\n

The new owner, the Doheny Family Trust, will invest significant capital improvements to renovate, restore, and re-tenant the historically significant property located at 32 West Colorado Boulevard in Pasadena, California. This mixed-use retail and office building sits along Colorado Boulevard\u2019s Rose Parade route and was built in 1887, and is situated in Pasadena\u2019s premier shopping and entertainment district, Old Pasadena.<\/p>\n

\u201cI realize the opportunity to list a building on Colorado Boulevard in Old Pasadena is rare.\u00a0 But the potential for me to positively impact the business community was something that I relished.\u00a0 I truly enjoyed every challenging and exhilarating minute of the process. \u00a0Our team at Lee, the City of Pasadena, OPMD and many others were instrumental in this successful transaction. The buyer presently owns real estate in the district and understands the property\u2019s inherent value.\u00a0 Based on my personal experience, the new owners are sophisticated and hands-on who I believe will complete a renovation that we can all be proud of. \u00a0I\u2019m excited to see the finished product.\u201d\u00a0 said Jodi Shoemake, Principal.<\/p>\n","protected":false},"excerpt":{"rendered":"

    \u00a0 DOHENY FAMILY TRUST ACQUIRES THE BRUNSWICK COURT BUILDING IN $10.6M ACQUISITION WITH PLANS FOR HIGH-END MIXED USE RETAIL & OFFICE   May 25, 2019 (PASADENA, CA) –\u00a0Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces that the Doheny Family Trust has acquired the 10,755-square-foot Brunswick Court Building from the Barbara K Nyberg Trust for $10.6M. Lee & Associates – Pasadena\u2019s Jodi Shoemake and Dan Bacani represented the…<\/p>\n","protected":false},"author":72,"featured_media":1523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2],"tags":[],"class_list":["post-1518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-press-releases"],"yoast_head":"\nLee & Associates-Pasadena closes $10.6 Million Sale of Historic Old Pasadena Mixed-Use Property - Lee & Associates Pasadena<\/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.lee-associates.com\/pasadena\/2019\/05\/16\/lee-associates-pasadena-closes-10-6-million-sale-of-historic-old-pasadena-mixed-use-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee & Associates-Pasadena closes $10.6 Million Sale of Historic Old Pasadena Mixed-Use Property\" \/>\n<meta property=\"og:description\" content=\"    \u00a0 DOHENY FAMILY TRUST ACQUIRES THE BRUNSWICK COURT BUILDING IN $10.6M ACQUISITION WITH PLANS FOR HIGH-END MIXED USE RETAIL & OFFICE   May 25, 2019 (PASADENA, CA) –\u00a0Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces that the Doheny Family Trust has acquired the 10,755-square-foot Brunswick Court Building from the Barbara K Nyberg Trust for $10.6M. 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