Back to News

Shubin Nadal, DRA Advisors sell Northridge office campus for $171M

April 10, 2023

Sale represents a nearly breakeven price for the two investment firms

Shubin Nadal Realty Investors and DRA Advisors have sold an office campus in Northridge for $171 million — a roughly 30 percent discount from its listing price, The Real Deal has learned. 

Pendulum Property Partners, an investment firm based in Orange County, bought the 761,000-square-foot The Mix at Harman campus at 8500 Balboa Boulevard for about $224 per square foot, according to a source familiar with the matter. Newmark, which brokered the deal, declined to comment. 

Read More

Log In