Lincoln Property Company and partner Long Wharf Capital have purchased an mid-rise office building in Downtown Glendale, with the intention of renovating and repositioning the property within the coming months.
Located at 520 N. Central Avenue, the eight-story, 96,000-square foot tower was built in 1985 and currently houses tenants such as North American Title, Logic Mate International and H&R Block. Among the planned improvements are a modernization of the building's outdoor amenity space, upgrades to its lobby and common areas, and material upgrades to currently vacant spaces.
Glendale's central business district has recently seen an influx of new mixed-use developments, following the adoption of its new Downtown Specific Plan. Central Avenue in particular has seen the rise of numerous ground-up projects, including the new Altana Glendale located directly across the street.