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Tishman Speyer Acquires 520 Broadway

113,000-SF Office Building in West Los Angeles Trades Hands
April 10, 2015
Vornado Realty Trust sold the office building at 520 Broadway in Santa Monica, CA to Tishman Speyer. The sale price was undisclosed; however, according to the Los Angeles Times which first reported the sale, the property sold for more than $90 million.

520 Broadway, considered a trophy building in Los Angeles, is a 4-Star building totaling 112,987 square feet across six stories. The building was constructed in 1981 and later renovated in 2014. The building has some of the largest office floor plates in downtown Santa Monica, as large as 20,000 square feet. It has been awarded an Energy Star Label from 2011 through to 2014 for its operating efficiency.

For more information regarding this transaction, see CoStar COMPS #3270370.
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