Lincoln Property Co. and joint venture partner Angelo Gordon & Co. LP closed the sale of the Connexion Burbank office campus and two parking garages in downtown Burbank, Calif., following a multimillion-dollar refurbishment on the property.
Intercontinental Real Estate Corp. agreed to buy the 337,904-square-foot, three-building campus at 303 N. Glenoaks Blvd., 333 N. Glenoaks Blvd. and 300 E. Magnolia Blvd. for $125 million.
Connexion Burbank is more than 90% leased to tenants including Turner Broadcasting, Citibank, The University of Redlands, Gerencia 360 and Blackmagic Design.