{"id":1004143520,"date":"2016-05-05T13:04:21","date_gmt":"2016-05-05T21:04:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143520"},"modified":"2022-03-04T10:08:10","modified_gmt":"2022-03-04T18:08:10","slug":"two-corporate-pointe-office-buildings-acquired-by-olive-hill-group","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/two-corporate-pointe-office-buildings-acquired-by-olive-hill-group\/","title":{"rendered":"Two Corporate Pointe Office Buildings Acquired by Olive Hill Group"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Los Angeles<\/strong>\u2014Two office towers in Culver City were recently acquired by Olive Hill Group, a local private investor. The buyer paid $65.6 million for the assets in a deal that was brokered by Madison Partners. As local authorities are reportedly looking to encourage creative office<\/a> redevelopment in the coming years, the Los Angeles-based investor is set to reposition the property in that direction.<\/p>\n

\"200-300<\/a>

200-300 Corporate Pointe<\/p><\/div>\n

Located at 200-300 Corporate Pointe in Culver City\u2019s Corporate Pointe master-planned development project, the two buildings offer 206,538 square feet of space. The campus was originally built 28 years ago and was last renovated in 2004. Currently operating at 88.6 percent occupancy, the campus is part of a master-planned project that consists of eight buildings.<\/p>\n

Proximity to the Playa Vista and Silicon Beach submarkets provides a strong position for the property. The new owner is upfront regarding its ambition to attract tech companies as the property will cater to creative office tenants, pivoting from its current status of an institutional quality office property. \u201cWe plan to renovate and reposition the property by activating the central courtyard and modernizing the building with upgrades to the interior and exterior,\u201d Vice President of Corporate Development and Legal Affairs Tim Lee noted.<\/p>\n

Image courtesy of Madison Partners<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

With creative office space the new growth sector in Silicon Beach and its neighboring areas, the company is set to reposition its new assets. <\/p>\n","protected":false},"author":41,"featured_media":1004143521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21783,1594,21742,21747,15],"tags":[],"class_list":["post-1004143520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-west"],"acf":[],"yoast_head":"\nTwo Corporate Pointe Office Buildings Acquired by Olive Hill Group - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/two-corporate-pointe-office-buildings-acquired-by-olive-hill-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two Corporate Pointe Office Buildings Acquired by Olive Hill Group\" \/>\n<meta property=\"og:description\" content=\"With creative office space the new growth sector in Silicon Beach and its neighboring areas, the company is set to reposition its new assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/two-corporate-pointe-office-buildings-acquired-by-olive-hill-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-05T21:04:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T18:08:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/200-300-Corporate-Pointe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1047\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/two-corporate-pointe-office-buildings-acquired-by-olive-hill-group\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/two-corporate-pointe-office-buildings-acquired-by-olive-hill-group\/\",\"name\":\"Two Corporate Pointe Office Buildings Acquired by Olive Hill Group - 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