Fenway Capital Bags Priciest Culver City Office Sale in 2025

Fenway Capital Advisors’ purchase of the 11-story Entrada office building in Culver City for $130 million marked the priciest office building sale in the city in 2025, according to Los Angeles County tax assessor data and research by The Real Deal.

This is the latest installment in a feature providing a weekly update on top sales by market segment in the county, based on TRD Data for given periods. To see the top office sales in Culver City last year click here.

Fenway Capital, which has an office in Solana Beach and Dallas, acquired the 315,000-square-foot office building at 6181 Centinela Avenue in April for about $413 per square foot.

The $130 million price tag didn’t cover the $142.5 million in debt sellers, Lincoln Property Company and Goldman Sachs affiliate Broad Street Principal Investments, took on six years prior to develop Entrada.

A source told TRD at the time of the sale that the $130 million deal was a “recapitalization” of the 11-story property.

Dallas-based Lincoln Property retained a minority stake in the property and was set to continue managing it, the source said.

The joint venture partners bought the formerly stalled development site in 2018 for $33 million and took out a $142.5 million construction loan from Singapore-based United Overseas Bank the following year, per property records. The building was completed in 2022.

Prior to the sale to Fenway Capital, Equinox signed a lease in the building. The deal brought the property to roughly 75 percent leased, with global accounting firm Deloitte, digital ad platform The Trade Desk and toy manufacturer Jazwares on the tenant roster, according to the source.

Real estate investment firm Fenway Capital’s portfolio spans Arizona, California, Nevada, Oklahoma and Texas.

Its eight other California properties include the Terrace on Cedros three-building commercial project in Solana Beach and E Street, a 20-unit apartment complex in San Diego.

The firm has underway the 4-acre Marea Village in Encinitas which will include 96 rental units and a 30-key expansion of the Alila Marea Resort, as well as retail space and public amenities.