Brea office building sells for $21 million Summary: Owners of a large office building on Imperial Highway in Brea have sold the property, formerly named the Saturn Business Park, to a commercial realty investment firm.

Palisades Capital Realty Advisors purchased the building, now called 2929 Imperial, for $21 million from Irvine-based The Knoll Company. The deal closed Monday.  Knoll purchased the 121,000-square-foot structure in 2012 for just under $11 million with the intention of leasing the available space. Joaquin de Monet, managing principal of Palisades Capital, said because the building already had tenants, the purchase was a good investment. The company plans to own the property for the foreseeable future, de Monet said.

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