May 2011

The Korda Group completed the acquisition of the land portion of the Plummer Avenue, Chatsworth property. This 43,500 SF structure was purchased as a vacant, distressed building in March of 2009. The Korda Group rehabilitation and investments in tenants improvements brought the property to its current value of 8 million dollars. The building was leased in August 2011 to a single tenant, a graduate school of psychology, for a period of 12 years with gross lease value of over 10 million dollars.