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1/30/25
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In a notable trade in Downtown L.A.’s Arts District, Hudson Pacific Properties collected $46 mil from the sale of Maxwell, a creative office property. Tenants include Accenture, Califia Farms and Twitch.
Maxwell is located at 1003 and 1019 E. Fourth Place, midway between Alameda St and the Los Angeles River. The property, formerly the site of the Maxwell Coffee warehouse building, contains 61.2k sf of space over five floors. In addition to a 740k sf rooftop deck, amenities include 24-hour security, bike lockers, operable windows, polished concrete floors and men’s and women’s locker rooms.
The company used the sale proceeds to repay amounts outstanding on its unsecured revolving credit facility. Inclusive of its Foothill Research Center office property which is under contract and expected to close in first quarter of this year, the company will have executed on a total of $93.8 mil in non-core asset sales since mid-November last year, with additional sales expected to follow.
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