Glaser Weil Advises Palisade Group in Two Significant Class A Real Estate Joint Venture Acquisitions

Glaser Weil is pleased to share its representation of Palisade Group, LLC, a leading real estate investment management firm, in two significant acquisitions that expand its commercial real estate portfolio.

In the first transaction, Glaser Weil advised Palisade in structuring its joint venture with Cross Ocean Partners to acquire The Park Calabasas, a 222,667-square-foot office property in Calabasas, California, for $69.4 million. The Class A office complex—formerly the headquarters of Lockheed Martin and later Countrywide Financial—is fully leased and sits on a 20-acre site just outside of Los Angeles. The acquisition price reflects a strategic discount from its 2021 sale price of $79 million.

In the second transaction, Glaser Weil represented Palisade in the $9.62 million acquisition of a 51,420-square-foot Class A industrial warehouse in Hillsboro, Oregon, a sought-after submarket within Portland’s Silicon Forest. The property, featuring solar panels, oversized loading capacity and flexible multi-tenant design, aligns with Palisade’s industrial strategy of acquiring high-quality, infill-located assets in high-growth markets. The deal included structuring a joint venture with a confidential party and securing financing through Andover Lending, the joint venture lending platform of Andover Properties and TPG Angelo Gordon.

These transactions were led by Glaser Weil real estate partners Jason Grinnell and Thomas Hanley with support from real estate associate Tigran Samvelyan. 

Learn more about The Park Calabasas deal.

Learn more about the Hillsboro, Oregon deal.