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Coretrust to buy Pasadena, Calif., office complex for $260M

Coretrust Capital Partners LLC is set to acquire the Corporate Center Pasadena office complex in Pasadena, Calif., for roughly $260 million from UBS Realty, The Real Deal reported, citing Real Estate Alert.

The four-building, six-acre 251 South Lake Ave. property spans a city block and was first listed for sale in August 2017. The 640,000-square-foot asset is 22% vacant and was owned by UBS for 30 years.