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The Swig Company completes sale of downtown Pasadena property
By: The Swig Company
The buyer is Charing Cross Partners LP, a family office based in Santa Monica, CA. The firm targets properties in the Western U.S. with a focus on revenue growth and the creation of long-term value.
Since acquiring the building in August 2014, when it was tenanted by Disney Stores USA, The Swig Company has upgraded the landscaping, replaced the roof and renovated the exterior. In 2019, it re-tenanted the 100-year old property, which is now the home of Bluebeam, Inc., a cloud-based software partner to the AEC industry. 443 S. Raymond was built in the 1920s to house the warehouse and laundry of Pasadena's Royal Laundry Company.
443 S. Raymond was the company's second major investment in Pasadena. It still owns 595 E. Colorado, a 96,000 s.f. historic office building in the city's Playhouse District. The ground floor and mezzanine of that building, which sits on the Rose Parade route, recently became available for lease for the first time in several decades.
About The Swig Company:
The Swig Company, LLC (http://www.swigco.com/