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Los Angeles

Pacshore Partners is shopping the SaMo Telephone Building for up to $60M

Pacshore Partners founder Philip Orosco and the Telephone Building at 1314 Seventh Street (credit: LinkedIn, Santa Monica Conservancy)
Pacshore Partners founder Philip Orosco and the Telephone Building at 1314 Seventh Street (credit: LinkedIn, Santa Monica Conservancy)

A freshly converted Santa Monica office space is now on the market for up to $60 million.

Pacshore Partners, a Los Angeles-based real estate investment firm run by Philip Orosco, is selling a 60,000-square-foot office condominium at the Telephone Building at 1314 Seventh Street. HFF has the listing, REAlert reported.

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The developer converted the building, which formerly housed Verizon switchboard operations, into creative offices just a few years ago.

Built in the 1930s, it’s now 86 percent occupied by tenants such as advertising company GumGum and venture capital firm Upfront Ventures. The retail tenants include French-Asian restaurant Cassia and Esters Wine Shop and Bar.

Pacshore purchased the portion of the six-story building for about $20 million in 2013 in partnership with the Boston-based Alcion Ventures, . [REAlert] — Cathaleen Chen

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Santa Monica