July 19, 2016 Comments Off on NGKF Handles $165M Playa Vista Deal Views: 400 California, California News, Los Angeles, West

NGKF Handles $165M Playa Vista Deal

New York-based Rockwood Capital is acquiring Playa Jefferson, a 195,668-square-foot creative office property in Playa Vista, CA from Manhattan Beach, CA-based Vantage Property Investors for reportedly more than $165 million. The site includes a four-building complex that is 100% leased, as well as a fifth soon-to-be built 55,454-square-foot building.

Since it was acquired in 2011 by Vantage, Playa Vista has emerged as a hot market for tech companies, including the likes of Facebook, which leased 50,000 square feet at Playa Jefferson. It is also a market where capital wants to be.

Newmark Grubb Knight Frank’s capital markets team that handled the asset sale included Kevin Shannon, Ken White, and Scott Schumaker. NGKF’s Scott Selke led the debt and structured finance group on the deal.

Read More at Los Angeles Business Journal

Connect with NGKF’s Shannon

Connect with Playa Jefferson

For comments, questions or concerns, please contact Dennis Kaiser

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