The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 15, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Culver City Office Asset Trades in $148 Mil Deal

10/12/17

Northwood Investors has purchased 800 Corporate Pointe, a four-story, 245.8k sf Class A office building in Culver City, for $148 mil, or $602/sf. Developed in 2007, 800 Corporate Pointe was sold by Vornado Realty Trust

The property is LEED Gold certified and includes an adjacent six-level parking structure. It was 98% occupied at the close of escrow and features six strong tenants spanning the financial services, media, technology and engineering industries. 800 Corporate Pointe is situated at the junction of the 405 Fwy and Hwy 90, and offers an array of nearby amenities including Westfield Culver City Mall, Runway at Playa Vista and downtown Culver City.

Kevin Shannon, Ken White, Rob Hannan, Michael Moll and Laura Stumm with Newmark Knight Frank (NKF) represented Vornado Realty Trust. Northwood Investors was self-represented. NKF’s David Milestone and Brett Green arranged the financing on behalf of the buyer.

“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,” said Shannon. “The property enjoys a strong tenant roster with attractive returns augmented by its ownership of the parking structure for the adjacent building.”






Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media