The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 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
Redcar Properties Buys 76k sf Creative Office Campus in Culver City

1/07/20

Redcar Properties has purchased Westside Business Park, a Class A creative office campus located at 10301–10395 Jefferson Blvd in Culver City. The price was around $73.5 mil.

Westside Business Park, which was 93.4% leased at the time of sale, totals 76k sf of space within three buildings situated in a 3.8‐acre campus setting in the dynamic and fast‐growing Culver City market. The property is home to a broad array of technology and media tenants including Kernel, Ziff Davis, Woven Digital, and Zynga.

The campus was completely renovated to the highest creative standards, and includes a loft‐style design with 20’ exposed ceilings, storefront window systems, skylights, operable aluminum windows, industrial roll up doors, polished concrete floors, outdoor gathering areas, and cutting‐edge common area art.

Bob Safai, Matt Case, and Brad Schlaak with Madison Partners acted as broker advisor on behalf of the seller, Lionstone Investments, a data‐analytics driven real estate investment firm based in Houston.

Lionstone’s analytics identified Culver City as an attractive market for investment in 2014 based on the concentrations of highly‐productive jobs and companies. The longtime home of Sony Pictures Studios and Culver Studios, it is one of the most desirable trade areas in Southern California and has seen explosive growth, particularly in the entertainment, media, and technology industries.

Companies ranging from nascent technology start‐ups to Fortune 500 powerhouses are flocking to this area, as evidenced by the recent commitments of international technology and entertainment heavyweights Amazon Studios, HBO, and Apple, which are all developing large regional facilities within Culver City. The levels of tenant in‐migration, office market performance, investor demand, and development activity in Culver City have surpassed nearly every other market in the region for the past several years, with a strong continued growth track predicted for the years ahead.






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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media