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Hybrid Workforce in Place, Credit Union Completes HQ Sale-Leaseback

Wescom Sells Pasadena, California, Building to CU Capital Management
Wescom Credit Union, one of the biggest credit unions in the U.S., sold its Pasadena, California, headquarters at 123 S. Marengo Ave. in a sale-leaseback deal as hundreds of employees work remotely. (CoStar)
Wescom Credit Union, one of the biggest credit unions in the U.S., sold its Pasadena, California, headquarters at 123 S. Marengo Ave. in a sale-leaseback deal as hundreds of employees work remotely. (CoStar)
CoStar News
March 2, 2022 | 12:17 AM

A credit union is cashing out of its headquarters building in Pasadena, California, in an effort to expand its business while its employees work both in the office and at home in the latest sign of a business changing its real estate strategy in the pandemic.

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