LOS ANGELES–The Campus at Playa Vista, a four-building class-A office complex, has been sold. An SEC filing indicates the purchase price was $218 million by Hines Global REIT, Inc., a real estate investment trust sponsored by Hines real estate and investment management. .
The Campus at Playa Vista is 97% leased on a long-term basis to tenants that include four technology companies: Facebook, Inc.; Belkin International, Inc.; the University of Southern California's Institute for Creative Technology; and the Internet Corporation for Assigned Names and Numbers (ICANN).
The complex was completed in 2009 and is LEED Core and Shell Gold certified. The complex is situated on seven acres in the 1,087-acre Playa Vista master-planned community. The four-story office buildings, located at 12015, 12025, 12035 and 12045 East Waterfront Drive, contain a total of 324,944 square feet.
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