JLL facilitates the sale of Class A office tower in Pasadena

LOS ANGELES, April 24, 2026 – JLL Capital Markets announced today the successful sale of 35 N Lake, a 158,785-square-foot Class A office building in Pasadena, California.

JLL represented the seller, Swift Real Estate Partners, in the transaction. State Compensation Insurance Fund acquired the asset, represented by CBRE.

Located at 35 N Lake Ave. in Pasadena, the LEED Gold certified building sits 10 miles northeast of downtown Los Angeles and blocks from the Metro Gold Line, providing connectivity to Santa Monica, the South Bay and Hollywood. The property benefits from proximity to prestigious residential communities in South Pasadena, La Cañada and San Marino. Pasadena has been recognized by The New York Times as the "shining jewel of Southern California" and features more restaurants per capita than New York City and more museums per capita than nearly any U.S. city.

The JLL Capital Markets team representing the seller included Senior Managing Director Jeff Bramson, Managing Director Andrew Harper, Senior Director Will Poulsen, Associate Jacob Molloy and Analyst Will O'Neil.

"Owner-user acquisitions allow companies to control their real estate destiny while building long-term equity," said Harper. "State Fund recognized the value of owning a best-in-class asset in one of Southern California's most desirable office markets. The property's thoughtful repositioning and prime Pasadena location made this a strategic investment for their operational future."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Founded in 2010, Swift Real Estate Partners is headquartered in San Francisco, and has regional offices in Orange County, Portland, the San Francisco East Bay, and Silicon Valley. Swift is a vertically integrated real estate investment firm which seeks to generate superior risk-adjusted returns for its partners. Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment. Since inception, Swift has owned and operated real estate valued in excess of $4 billion across more than 10 million square feet. Swift's professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition, construction management, property management and marketing services. For more information, visit www.swiftrp.com.