{"id":1004265320,"date":"2018-09-17T01:59:44","date_gmt":"2018-09-17T09:59:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004265320"},"modified":"2022-12-08T02:12:03","modified_gmt":"2022-12-08T10:12:03","slug":"dole-food-sells-hq-for-50m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dole-food-sells-hq-for-50m\/","title":{"rendered":"Dole Food Sells HQ for $50M"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004265329\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004265329\" data-attachment-id=\"1004265329\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dole-food-sells-hq-for-50m\/one-dole-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1 Dole Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1 Dole Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg?w=800\" class=\"wp-image-1004265329 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg\" alt=\"1 Dole Drive\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004265329\" class=\"wp-caption-text\">1 Dole Drive<\/p><\/div>\n<p>Dole Food Co. recently pocketed $50 million on the disposition of its Los Angeles-area corporate campus. With the assistance of commercial real estate services firm CBRE, the company sold&nbsp;to the Conrad N. Hilton Foundation the 168,000-square-foot property, located at 1 Dole Drive in Westlake Village.<\/p>\n<p><em>\u201cOne Dole Drive is a truly unique property. There is nothing like it in the entire market,\u201d<\/em> Mike Longo, a vice president with CBRE, said in a prepared statement. Longo was joined in the representation of Dole Food by colleagues Todd Tydlaska, Sean Sullivan, Tom Dwyer and Michael Slater.<\/p>\n<p>A U-shaped structure planted on an approximately 10-acre site, One Dole was developed in 1999&nbsp;and has been home to Dole Food for just as long. The fruit and vegetable company isn\u2019t precisely bidding adieu to its longtime corporate campus, however, as it will lease back a segment of the three-story building from the new ownership.<\/p>\n<p>CBRE didn&#8217;t have to look too far for a buyer. The Hilton Foundation has been a tenant on the One Dole campus since leasing 17,500 square feet of space in late 2017. In a statement on the acquisition of the property, the Hilton Foundation described the campus as <em>\u201cthe perfect solution for our growing staff.\u201d<\/em><\/p>\n<h2>Trading in Westlake Village<\/h2>\n<p>Westlake Village, located roughly 40 miles west of downtown Los Angeles, is seeing its share of investment sales activity this year. Athletic footwear maker K-Swiss sold its 53,100-square-foot corporate headquarters at 31248 Oak Crest Drive to Selleck Development Group for $11 million. Equity Office Properties Trust <a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-brokers-133-ksf-la-area-office-building-sale\/\">divested 30700 Russell Ranch Road<\/a>, selling the 133,000-square-foot building to TH Real Estate.<\/p>\n<p><em>Image&nbsp;courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE secured the buyer for the fruit and vegetable company\u2019s campus in Westlake Village, Calif. The seller will lease back a segment of the three-story building.<\/p>\n","protected":false},"author":969,"featured_media":1004265329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,1594,21742,21747,15],"tags":[32789,36370,36371],"class_list":["post-1004265320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-los-angeles","category-latest","category-office","category-west","tag-cbre","tag-sean-sullivan","tag-todd-tydlaska"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dole Food Sells HQ for $50M - 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\/dole-food-sells-hq-for-50m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dole Food Sells HQ for $50M\" \/>\n<meta property=\"og:description\" content=\"CBRE secured the buyer for the fruit and vegetable company\u2019s campus in Westlake Village, Calif. The seller will lease back a segment of the three-story building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dole-food-sells-hq-for-50m\/\" \/>\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=\"2018-09-17T09:59:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T10:12:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Dole-Drive.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dole-food-sells-hq-for-50m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dole-food-sells-hq-for-50m\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Dole Food Sells HQ for $50M\",\"datePublished\":\"2018-09-17T09:59:44+00:00\",\"dateModified\":\"2022-12-08T10:12:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dole-food-sells-hq-for-50m\\\/\"},\"wordCount\":287,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dole-food-sells-hq-for-50m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/09\\\/One-Dole-Drive.jpg\",\"keywords\":[\"CBRE\",\"Sean Sullivan\",\"Todd Tydlaska\"],\"articleSection\":[\"Deals\",\"Featured\",\"Los Angeles\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dole-food-sells-hq-for-50m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dole-food-sells-hq-for-50m\\\/\",\"name\":\"Dole Food Sells HQ for $50M - 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