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Joint Venture Acquires LA Office for Biomanufacturing Conversion

Montana Avenue Capital Partners Sells Property for $58.7 Million
By Chris Bundy
CoStar Research
April 1, 2022 | 7:52 P.M.

A joint-venture partnership between HATCHspaces, Nuveen Real Estate and Denver-based healthcare developer NexCore Group acquired the commercial building at 5005 McConnell Ave. in Los Angeles, California, for $58.7 million, or about $1,043 per square foot, from Montana Avenue Capital Partners.

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