A company controlled by real estate investor David Lee boosted its already sizable portfolio of mid-Wilshire-area properties last week by purchasing a 12-story Wilshire Boulevard high-rise for about $24.2 million, according to property records and people familiar with the transaction.
The 308,000-square-foot Wilshire Serrano Building at 3699 Wilshire Blvd. is almost fully occupied. The previous owner was Operating Engineers Pension.
Officials at Jamison Properties--the firm Lee and his partners use to purchase property--could not be reached for comment.
The building at the northeast corner of Wilshire Boulevard and Serrano Street is part of a portfolio of nearly two dozen buildings Jamison Properties has amassed in Wilshire Center in the last six years.