A partnership between Blackstone and Santa Monica-based Worthe Real Estate is marketing a vacant 1.5M office and warehouse campus in Los Angeles as a fully permitted industrial redevelopment.
CBRE is representing the partners in pitching the 39-acre property at 3880 North Mission Road, according to a Green Street alert.
The site, the former headquarters of retailer Forever 21, consists of eight buildings encompassing 1.5M SF, including 265K SF of office space and several warehouses. The partners bought the complex from Forever 21 in 2018 for about $166M.
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© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
