Tishman Sells Beverly Hills Office Asset for $205M

September 19, 2025

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The company acquired the property in 2005.

In one of the largest deals in the city so far this year, Tishman Speyer has sold Maple Plaza, a 290,000-square-foot office building in Beverly Hills, Calif., for $205.3 million—about $707 per square foot. Kilroy Realty Corp. acquired the asset in a CBRE-brokered deal.

The property previously traded in August 2005, when Tishman acquired it for $101 million. Realtech Development previously owned the building, according to Yardi Research Data.

After that, Tishman secured leases with companies from different industries, including entertainment and lifestyle. The tenant roster includes PodcastOne, Europacorp Films USA and PMBC Group, the same source shows.

This marks Kilroy Realty’s first Beverly Hills asset, according to Commercial Observer. The property was 75 percent leased at the time of sale.

Last August, Tishman sold another Beverly Hills office building. Fashion Nova acquired the 175,000-square-foot building for $119.7 million. A few months later, Tishman sold 9242 Beverly to Envision and Faring for $90 million.

Located at 345 N. Maple Drive, the LEED Gold-certified Maple Plaza is close to multiple retail centers and 9 miles from downtown Los Angeles. The city’s international airport is within 10 miles south.

Completed in 1987, the property went through cosmetic renovations in 2017. The three-story building has floorplates averaging 99,050 square feet, as well as roughly 5,500 square feet of retail space. Amenities include a courtyard with seating areas, atrium lobby with mezzanine and a fitness center with yoga studio, as well as EV charging stations.

CBRE Vice Chair Stephen Somer and Senior Vice President Brooke Silver arranged the transaction.

Los Angeles’ high ranking office sales

Los Angeles’ office investment volume year-to-date as of July clocked in at almost $1.5 billion, ranking in the top five markets nationally, according to a Yardi Matrix office report. Assets in the metro changed hands for $274 per square foot on average, well above the $182 national figure.

This summer, Uncommon Developers acquired Figueroa at Wilshire, a 1 million-square-foot office tower in Los Angeles for $210 million, about $202 per square foot. The asset changed hands at a 42 percent loss.

Earlier this year, Kingsbarn Realty Capital purchased 1601 Vine, a 115,589-square-foot office mid-rise in Hollywood, for $105 million. Skims anchors the eight-story building.