The Swig Company acquired 3130 Wilshire Boulevard, a 96,085-square-foot office property located in West Los Angeles' Santa Monica submarket. The purchase also includes a surface parking lot approximately one block away from the property. The acquisition marks their first purchase in Santa Monica. The Swig Company owns four other major commercial office buildings in the greater Los Angeles area, with their footprint totaling almost a million square feet.
Newmark Co-Head of Capital Markets Kevin Shannon, Executive Managing Directors Ken White and Rob Hannan, Senior Managing Director Laura Stumm and Associate Director Michael Kolcum represented the undisclosed seller. Newmark's Private Capital Group led by Vice Chairman Sean Fulp and Managing Director Ryan Plummer assisted with the sale.
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