JLL Capital Markets has completed the sale of 101 S. Marengo, a 315,000-square-foot, class A office asset in Pasadena, Calif.
JLL represented the seller and procured the buyer in this transaction. The financial terms were not disclosed.
101 S. Marengo Avenue is located on a 2.88-acre transit-oriented site just one block from the LA Metro Gold line and in close proximity to numerous freeways, including the Pasadena (110), Ventura (134) and Foothill (210) Freeways that provide east and west access to the greater Los Angeles area. Originally built in 1974, 101 S. Marengo was occupied for many decades by a single tenant that vacated in 2019, and now offers the potential to fully renovate the building and create one of the premier office buildings in the Tri-Cities.
Additionally, with a Walk Score of 98, 101 S. Marengo is steps from Old Town Pasadena, a 22-block area with numerous dining, retail and entertainment outlets, as well as Paseo Colorado, an
