October 12, 2017 Comments (0) Views: 474 California News, Los Angeles

Lower Westside Asset Nabbed for $148M

800 Corporate Pointe, a four-story 245,786-square-foot, Class A office building in the lower Westside market of Culver City, CA, sold for $148 million. The 98%-occupied asset was acquired by Northwood Investors from Vornado Realty Trust.

NKF Capital Markets’ Kevin Shannon, Ken White, Rob Hannan, Michael Moll and Laura Stumm represented the seller. The buyer was self-represented. NKF’s David Milestone and Brett Green arranged buyer financing.

Shannon says, “800 Corporate Pointe is one of the two newest and one of the best office buildings in this evolving Culver Pointe park. Culver City is drafting off the momentum from Playa Vista, and is attracting similar profile tenants seeking cool environments.”

Developed in 2007, the LEED Gold certified property includes an adjacent six-level parking structure, and is situated at the junction of the 405 Freeway and Highway 90.

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