Cruzan JV buys office campus in California

A joint venture between Related Fund Management and San Diego–based Cruzan has scooped up a class A office campus in Calabasas, Calif., for $78.2 million.

The seller is Kilroy Realty Corp.

Calabasas Park Center totals 225,340 square feet. It consists of two four-story office buildings and one two-story office building. The property is 96 percent leased.

Calabasas Park Center was developed by Kilroy Realty in phases between 2000 and 2001.