Two Corporate Pointe Office Buildings Acquired by Olive Hill Group
By
Tony Seruga
With creative office space the new growth sector in Silicon Beach and its neighboring areas, the company is set to reposition its new assets.
200-300 Corporate Pointe
Los Angeles—Two office towers in Culver City were recently acquired by Olive Hill Group, a local private investor. The buyer paid $65.6 million for the assets in a deal that was brokered by Madison Partners. As local authorities are reportedly looking to encourage creative
office redevelopment in the coming years, the Los Angeles-based investor is set to reposition the property in that direction.
Located at 200-300 Corporate Pointe in Culver City’s Corporate Pointe master-planned development project, the two buildings offer 206,538 square feet of space. The campus was originally built 28 years ago and was last renovated in 2004. Currently operating at 88.6 percent occupancy, the campus is part of a master-planned project that consists of eight buildings…
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