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

Clarion Partners is among developers attached to project

Los Angeles /
Jul.July 05, 2017 10:30 AM

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
Galpin Motors' Bert Boeckmann with 9777 Wilshire Boulevard
Galpin Motors to open Lotus dealership in Beverly Hills
Galpin Motors to open Lotus dealership in Beverly Hills
Link Logistics's Luke Petherbridge with 1719 Chapin Rd (Loopnet, Link Logistics, Getty)
Link Logistics buys 82K sf warehouse in Montebello for $29M
Link Logistics buys 82K sf warehouse in Montebello for $29M
Irvine Mayor Farrah Khan and Live Nation's Michael Rapino with rendering of Irvine amphitheater(City of Irvine, Getty, Gensler)
Irvine to develop 14K-seat OC bowl for $130M
Irvine to develop 14K-seat OC bowl for $130M
Anaheim Ducks' Henry and Susan Samueli; 2695 E. Katella Avenue (OCVibe, Anaheim Ducks)
Anaheim Ducks owners envision $4B entertainment village
Anaheim Ducks owners envision $4B entertainment village
 30801 South Coast Highway (Montage Hotels, Getty)
Chinese insurer to sell Montage Laguna Beach for $700M
Chinese insurer to sell Montage Laguna Beach for $700M
Charles Company's Mark and Arman Gabay and a rendering of 550 E. Colorado Boulevard in Pasadena (WATG)
195-room hotel planned for Pasadena’s Playhouse District
195-room hotel planned for Pasadena’s Playhouse District
Bardas Investment Group's David Simon with 6311 Romaine Street
Hollywood’s Television Center readies for $600M makeover
Hollywood’s Television Center readies for $600M makeover
Century Plaza project at 2025 Avenue of the Stars and Woodbridge Capital Partners' Michael. Rosenfeld (CoStar)
Stake in the Century Plaza Hotel heads to auction block
Stake in the Century Plaza Hotel heads to auction block
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...