HFF Facilitates Sale of High-End Office Asset in Silicon Beach
By
Tony Seruga
The asset is located in downtown Santa Monica, offering proximity to a plethora of dining, entertainment and retail locations.
233 Wilshire
Santa Monica, Calif.—A high-end office asset located in the Silicon Beach market has recently been purchased by
Douglas Emmett Inc. The buyer paid
Equity Office Properties Trust a total consideration of $139.5 million, according to real estate data provider
Yardi Matrix. A three-year, $56 million bridge loan was taken out for the acquisition of the property.
The transaction was arranged by an
HFF investment sales team led by Senior Managing Directors Ryan Gallagher and Michael Leggett, as well as Directors Andrew Harper, Tim Geiman, and Analyst Michael Matchett. The company also handled the marketing aspect and procured the buyer…
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