Culver City—which has been hailed as one of L.A.'s top emerging markets for the last few years—is officially hitting its stride. While new development is bringing apartments and retail—as well as a boutique hotel—to the market, the investment focus remains on office. Watt Investment Partners has made a major investment in the market to redevelop 3000 South Robertson, a four-story, 109,184-square-foot office building. With NKF handling leasing at the property, Watt has already signed three new tenants and expects the market to outperform other L.A. office markets. To find out more about why this market is so attractive to office investors, we sat down with Jennifer McElyea, managing director at Watt Investment Properties, for an exclusive interview.

GlobeSt.com: What is your investment strategy in Culver City?

Jennifer McElyea: Our investment strategy is predicated on both proximity to transit and providing a lower cost option to tenants seeking a central and amenitized location, but who are not willing or able to pay the asking rents at most of the other offerings in the market. Specifically, we were attracted to the fact that 3000 S. Robertson is a nine- minute walk to the Culver City Metro Expo station, which provides equidistant connections to Downtown LA and Santa Monica. Additionally, the property has easy access to the 10 and 405 Freeways, allowing tenants to recruit from an employee base across LA county.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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