Westlake Spectrum

Westlake Spectrum
Westlake Village, California

Property Address:
4330 Park Terrace Dr.,
Westlake Village, CA 91361

Westlake Spectrum is 107,381-square-foot office development comprised of two buildings: one is 62,282 square feet and the other 45,099 square feet. 

Built in 1989, the project was acquired by Barker Pacific Group and its partner Rockwood Capital in October 2014. Upon acquisition, the team undertook renovations to common areas, as well as negotiating a “blend-and-extend” lease with Securitas USA, renewing the tenant lease for twelve years, thus solidifying the rent roll. Additionally, BPG was able to lease-up the remaining vacant space, achieving 100% project occupancy. The project was sold in 2016 for a profit to ownership and investors.