December 14, 2018 Comments Off on LPC West Acquires Westside Site, Plans $225M Spec Creative Office Development Views: 1837 California News, Top California

LPC West Acquires Westside Site, Plans $225M Spec Creative Office Development

LPC West acquired the Entrada site in Culver City, where it plans to develop a $225-million spec office building. Envisioned as a more than 300,000-square-foot creative office, the development will cater to entertainment, media, and technology tenants.

LPC West’s Rob Kane says, “This project will be a premier trophy asset, with a cutting-edge design in an area that has seen much activity and innovation in recent years.”

LPC West and Broad Street Principal Investments, L.L.C., an affiliate of Goldman Sachs, purchased the site from the owner of the DoubleTree hotel, Woodbine Legacy Investments, a fund led and owned by Dallas-based Woodbine Development Corp. The site currently operates as a parking lot next to the hotel, and is situated between the booming Westside media and technology markets, directly adjacent to Playa Vista along the 405 freeway.

LPC West will spearhead the development, which is set to be completed in 2021.

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