LOS ANGELES-Three prominent office buildings have been sold by Hines Real Estate Investment Trust Inc. to GI TC One Wilshire LLC for a total price of $550 million.
The properties include One Wilshire, a 30-story, class-A office building located in downtown L.A. that contains 663,000 square feet of telecom, retail and office space. The building was acquired by Hines REIT in 2007. The property is 93% leased to such companies as Verizon Communications, CRS West, Quest Communications, CoreSite, Crowell Weedon and Musick Peeler.
The other two buildings are located in El Segundo and are familiar to any traveler heading to Los Angeles International Airport via the 105 Freeway. They are the Raytheon and DIRECTV buildings, a three-building office complex in the South Bay submarket.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
