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The Real Deal Los Angeles

Onyx building in Glendale sells for $86M

Project includes 183 units near business district
November 09, 2018 02:15PM

CEO Ben Lambert of Eastdil Secured with photos of The Onyx

Investment continues to heat up in Glendale this year, most recently with a big sale of a mixed-use project near the Galleria in the city’s central business district.

The Onyx, a six-story, 183-unit project at 301 N. Central Avenue, sold for $86.2 million, Bisnow reported. Burbank-based Chandler Pratt & Partners traded the property to a private buyer.

The project includes studio, one-, two- and three-bedroom apartments, as well as a few townhomes, and 4,500 square feet of ground-floor retail on a 33,200-square-foot lot. KTGY designed the building.

Eastdil Secured represented both the seller and the undisclosed buyer. The building is near the Americana at Brand and the Glendale Galleria retail destinations.

Earlier this year, the DreamWorks Animation campus in Glendale sold to a South Korean partnership for $297 million. And last week, Children’s Hospital Los Angeles expanded its lease in Glendale by 26,000 square feet at 800 Brand Avenue. [Bisnow] – Gregory Cornfield