Hines Global REIT Inc., a public, non-listed real estate investment trust sponsored by Hines, acquired the Campus at Playa Vista in West Los Angeles.
The Campus at Playa Vista was constructed in 2009 and is LEED Core and Shell Gold certified. The four-story office buildings at 12015, 12025, 12035 and 12045 E. Waterfront Drive totals 324,944 square feet and sits on seven acres in the 1,087-acre Playa Vista master--planned community.
The Campus at Playa Vista is 97% leased on a long-term basis and includes major key tenants such as Facebook, Belkin International,and University of Southern California's Institute of Creative Technology.
CBRE represented the seller, Tishman Speyer. Hines will manage The Campus at Playa Vista on behalf of Hines Global REIT. Terms of the sale were not disclosed.
Please refer to CoStar COMPS #2744747 for more information.