Culver City development to become part of new HBO HQ: report

Clarion Partners is among developers attached to project

TRD LOS ANGELES /
Jul.July 05, 2017 10:30 AM
Rendering of the project at 8777 Washington Boulevard

UPDATED, 12.35 p.m., July 5: HBO will absorb a Culver City mixed-use building being developed by Lincoln Property Company as its new Los Angeles headquarters, according to a Los Angeles Times report and an analysis of property records by The Real Deal.

The property will replace the former Surfas Culinary District cooking supplies facility at 8777 Washington, at the intersection of Washington Blvd. and National Boulevard, the report said.

Surfas sold its property for $16 million in 2015 to developer VCN, headed by Craig Knight. But records show that VCN resold the property for $25 million late last year to a partnership headed by New York-based Clarion Partners and Lincoln, the latter of which is heading up development.

Local developer Guild GC is also involved in the project, according to state business filings.

A spokesperson for HBO declined to comment.

The four-story complex will include 128,000 square feet of office space and 4,500 square feet of ground-level retail. HBO will be the only office tenant, according to a project spokesperson.

Surfas told the Times that, while it is closing at the location July 15, it is currently on the hunt for a new headquarters.

HBO’s current lease, at the sprawling Colorado Center office complex in Santa Monica, spans 129,000 square feet and expires in 2019. Last year, New York-based Boston Properties agreed to buy the Blackstone Group’s 50 percent stake in the six-building complex for more than $500 million.


Related Articles

arrow_forward_ios
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Jefferson Creative Campus sells for $169M in Culver City (Credit: Newmark Knight Frank)

Lincoln, Clarion snap up Culver City office campus for $169M

A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Clarion CEO David Gilbert, Rockpoint co-founders Keith Gelb and Bill Walton, and one of Rockpoint’s Torrance properties (Credit: iStock)

Clarion Partners pays $126M for Torrance multifamily portfolio

10301-10335 West Jefferson Boulevard and Jim Jacobsen Chairman, CEO at Redcar LTD (Credit: 42 Doors and LinkedIn)

Redcar pays $74M for Culver City office complex, eyes expansion

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

arrow_forward_ios
Loading...