Culver City office campus sells for $39M

Property includes 4 buildings with 76K sf

TRD LOS ANGELES /
Feb.February 12, 2019 01:00 PM
Alexandria Real Estate purchased the Bristol 61 office campus in Culver City for $30 million. (Credit: The Swig Company)

Alexandria Real Estate Equities has purchased a four-building office campus called Bristol 61 in Culver City for $39.2 million.

The 4.9-acre campus at 6100-6160 Bristol Parkway includes 75,940 square feet of space, the Los Angeles Business Journal reported. Fund management firm Intercontinental Real Estate Corporation and investment firm The Swig Company were the sellers. The two firms spent the past four years renovating the property.

The campus last traded hands for $20.2 million in 2014, and was formerly known as Fox Hills Business Park.

Newmark Knight Frank represented the sellers, and Alexandria Real Estate represented itself in the transaction.

The Swig Company and Intercontinental Real Estate Corporation are also partners in the 407,915 square-foot New York Life building at 6300 Wilshire Boulevard in Miracle Mile. They purchased it for $148.5 million in 2016. Intercontinental also acquired the 338,000 square-foot Connexion Burbank complex for $125 million last year.

From its base in Pasadena, Alexandria Real Estate has secured some major deals on the East Coast. In October, the firm signed a deal to build a 550,000 square-foot life sciences tower in New York, about a week after it purchased a 175,000 square-foot property in Long Island for $75 million. [LABJ]Gregory Cornfield


Related Articles

arrow_forward_ios
DTLA and Century City (Credit: Basil D Soufi via Wikipedia, and iStock)

Office leasing in Q2 was a fraction of what it was a year ago

Office leasing in Q2 was a fraction of what it was a year ago
Brookfield Asset Management CEO Bruce Flatt and Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps)

CRE investment sales in LA sank like a stone in May

CRE investment sales in LA sank like a stone in May
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
City National Plaza, CommonWealth CEO Brett Munger Calpers CEO Marcie Frost

CalPERS venture snags $550M refi on City National Plaza tower

CalPERS venture snags $550M refi on City National Plaza tower
Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps)

Windowless but not buyerless: Woodridge sells distinctive Pasadena office complex

Windowless but not buyerless: Woodridge sells distinctive Pasadena office complex
Shaul Kuba and the now-former redevelopment plan (Credit: Department of City Planning)

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan
Gavin Newsom (Credit: Emma McIntyre/Getty Images)

Retailers and some offices could open first in Newsom’s reopening plan. But there’s a catch

Retailers and some offices could open first in Newsom’s reopening plan. But there’s a catch
Los Angeles office leasing dropped sharply in the first quarter

LA office leasing plummets in Q1 with more trouble ahead: report

LA office leasing plummets in Q1 with more trouble ahead: report
arrow_forward_ios

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

Loading...