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Former Bank of America Building in Pasadena Sells for $72 Million

Atlas Acquires Asset from Woodbridge Capital Partners
The office building on South Marengo Avenue is steps from Old Town Pasadena, a 22-block development with dining, retail and entertainment outlets, as well as Paseo Colorado, an outdoor lifestyle destination with top-tier shopping and restaurants. (CoStar)
The office building on South Marengo Avenue is steps from Old Town Pasadena, a 22-block development with dining, retail and entertainment outlets, as well as Paseo Colorado, an outdoor lifestyle destination with top-tier shopping and restaurants. (CoStar)
By Lily McClure
CoStar Research
May 19, 2020 | 4:44 P.M.

Atlas Capital Group, a New York-based development and management firm, acquired the former Bank of America office building at 101 S. Marengo Ave. in Pasadena, California, for $72 million, or about $228 per square foot, from Woodbridge Capital Partners in Los Angeles.

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