Oct
15
Vornado Sells LA Office Asset for $148M
ByThe company sold 800 Corporate Pointe, a four-story, 245,786-square-foot building in Culver City, Calif., to Northwood Investors. NKF’s Capital Markets team represented the seller in the transaction.
Northwood Investors purchased 800 Corporate Pointe, a Class A office building in the lower Westside market of Culver City, Calif. Vornado Realty Trust sold the asset for $148 million. In March, Northwood also purchased the Ballantyne Corporate Park in Charlotte, N.C.
NKF’s Capital Markets West Coast President Kevin Shannon, Executive Managing Director Ken White, Senior Managing Director Rob Hannan and Managing Directors Michael Moll and Laura Stumm represented the seller. The buyer represented itself and NKF’s Executive Managing Director David Milestone and Managing Director Brett Green arranged the financing on behalf of Northwood…
