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Report: StarPoint to buy Calif. office building for $200M

Real estate investment and operating company StarPoint Properties LLC is poised to acquire a Wells Fargo & Co.-anchored office building in Beverly Hills, Calif., for approximately $200 million, The Real Deal reported, citing sources familiar with the transaction.

According to the report, the seller is a limited liability company linked to an associate of Avondale Investment Co., and StarPoint already made a nonrefundable deposit on the 207,400-square-foot property at 433 N. Camden Drive.

The 12-story building also counts Beverly Hills Dermatology Consultants, Barrister Executive Suites Inc. and Walker Corporate Law Group among its tenants.

The buyers, sellers and listing brokers could not be reached for comment regarding the purported transaction, the publication noted.