Curated News
By: NewsRamp Editorial Staff
October 20, 2025
Lee & Associates Brokers $10M Office Acquisition in Warner Center
TLDR
- S&G Properties acquired a prime Warner Center office building for $10.05 million, gaining strategic positioning and visibility to attract premium tenants while housing their security company.
- Lee & Associates represented S&G Properties in acquiring a 62,241-square-foot office building at 5550 Topanga Canyon Boulevard, with plans to renovate and lease remaining space after partial occupancy.
- This acquisition will create improved office amenities and attract quality businesses to Warner Center, contributing to the area's economic vitality and community development.
- The three-story building offers freeway visibility to tens of thousands daily and sits in a thriving business district with abundant retail and dining options.
Impact - Why it Matters
This transaction signals continued confidence in the Los Angeles commercial real estate market, particularly in the Warner Center/Woodland Hills submarket that has emerged as a hub for corporate expansion. For businesses considering office space in Los Angeles, this deal demonstrates the area's appeal for companies seeking visibility, accessibility, and growth potential. The substantial investment in property improvements suggests ongoing demand for premium office spaces, which could influence rental rates and property values throughout the region. For security company Citiguard's expansion into owned property, it represents a strategic move toward operational stability and brand presence in a high-traffic location.
Summary
Lee & Associates, the prominent commercial real estate firm with an extensive international presence, has successfully facilitated a major commercial property acquisition in Los Angeles's thriving Warner Center/Woodland Hills submarket. The company's LA North/Ventura office represented S&G PROPERTIES MANAGEMENT LLC in the $10.05 million purchase of a substantial 62,241-square-foot office building located at 5550 Topanga Canyon Boulevard. This strategic transaction highlights the continued strength of the commercial real estate market in this desirable Los Angeles location, with the buyer planning to occupy part of the building for their security company operations while developing the remaining space for premium tenants.
The acquisition represents a significant investment in the Warner Center area, with S&G PROPERTIES MANAGEMENT LLC planning substantial capital improvements to transform the three-story building into a premier office destination. The company intends to renovate both interior and exterior spaces while creating attractive on-site amenities designed to appeal to high-quality tenants. The property's exceptional location at the corner of Topanga Canyon Boulevard and the 101 Freeway provides outstanding visibility to tens of thousands of daily commuters, positioning it as an ideal corporate headquarters location within a vibrant business district surrounded by restaurants, hotels, and numerous service firms.
The Lee & Associates team, consisting of principals Darren Casamassima, Scott Romick, and Jay Rubin, not only handled the acquisition but will continue to manage leasing operations for the property. According to Casamassima, the transaction reflects strong demand from owner/users in the Warner Center/Woodland Hills submarket, which remains an attractive option for companies seeking growth opportunities in Los Angeles. The buyer was particularly drawn to the building's prominent positioning, freeway visibility, and the substantial potential to create a best-in-class office property in this dynamic business corridor. For more information about Lee & Associates and their comprehensive real estate services, visit lee-associates.com to explore their full range of commercial real estate solutions.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Lee & Associates Brokers $10M Office Acquisition in Warner Center
