5-property West Los Angeles office portfolio closed by HFF
LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a five-property, approximately 350,000-square-foot office portfolio in West Los Angeles, California.
HFF represented the seller in the transaction. Jade Enterprises purchased the portfolio for an undisclosed amount free and clear of debt.
The 91-percent-leased, recently-renovated portfolio consists of Beverly Atrium at 350 South Beverly Drive in Beverly Hills; 2730 Wilshire Boulevard in Santa Monica; 1950 Sawtelle Boulevard and 11075 Santa Monica Boulevard in Los Angeles; and Bristol Plaza at 6167 Bristol Parkway in Culver City. All of the properties have easy access to the 1-10 (Santa Monica Freeway) and the 1-405 (San Diego Freeway) and are about 15 minutes from the Los Angeles International Airport and the Santa Monica Airport.
The HFF investment sales team representing the seller was led by senior managing directors Ryan Gallagher and Todd Tydlaska and director Andrew Harper.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.