{"id":1004388620,"date":"2020-02-06T07:37:01","date_gmt":"2020-02-06T15:37:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004388620"},"modified":"2020-02-11T11:38:11","modified_gmt":"2020-02-11T19:38:11","slug":"clarion-partners-lincoln-property-close-169m-office-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/","title":{"rendered":"Clarion Partners, Lincoln Property Close $169M Office Buy"},"content":{"rendered":"<div id=\"attachment_1004388791\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004388791\" data-attachment-id=\"1004388791\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/jefferson-creative\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\" data-orig-size=\"1495,1159\" 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;1552933379&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=\"Jefferson Creative Campus\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jefferson Creative Campus. Image courtesy of Newmark Knight Frank&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg?w=1024\" class=\"wp-image-1004388791 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg 1495w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg?resize=1024,794 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004388791\" class=\"wp-caption-text\">Jefferson Creative Campus. <em>Image courtesy of Newmark Knight Frank<\/em><\/p><\/div>\n<p>The Rader Co. and Rodeo Properties have sold Jefferson Creative Campus, a three-building office asset in Los Angeles, for $169 million. The buyers, Clarion Partners and Lincoln Property Co., were self-represented, while Newmark Knight Frank and Lee &amp; Associates assisted the sellers.<\/p>\n<p>Constructed in the 1940s, the property encompasses 152,146 square feet of office space and is part of a campus with further development potential of more than 600,000 square feet of office space.&nbsp;Located at 5870, 5880 and 5890 W. Jefferson Blvd., on approximately 7 acres, the asset is in an Opportunity Zone in Culver City.&nbsp;The business park has undergone renovations that included the addition of electric car charging stations, polished concrete flooring, outdoor meeting areas and drought-tolerant landscaping.<\/p>\n<p>The Culver City submarket\u2014thanks to its urban walkability, central location within Los Angeles and supply of new development\u2014has become a favored location for creative giants such as HBO, Apple and Amazon, explained NKF&nbsp;Co-Head of U.S. Capital Markets Kevin Shannon.&nbsp;The asset is within 7 miles of Los Angeles International Airport.&nbsp;Jefferson Creative Campus is fully leased to firms such as Spin Master, MedMen and Prana Studios.<\/p>\n<p>The team led by Shannon, along with Executive Managing Directors Ken White and Rob Hannan, and Senior Managing Director Laura Stumm represented the seller, while Ron Rader, a principal with Lee &amp; Associates, provided local market intelligence. In December 2019, Shannon was part of a team that facilitated the <a href=\"https:\/\/www.commercialsearch.com\/news\/exeter-property-group-pays-195m-for-washington-industrial-facility\/\">$195 million sale<\/a> of the UNFI Distribution Center&nbsp;in Centralia, Wash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The creative campus near Los Angeles\u2019 Westside encompasses three Opportunity Zone buildings in Culver City, Calif.<\/p>\n","protected":false},"author":868,"featured_media":1004388791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21747,15],"tags":[32790,38163,33532,32762,32838,36007],"class_list":["post-1004388620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-clarion-partners","tag-ken-white","tag-kevin-shannon","tag-lee-associates","tag-lincoln-property-company","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clarion Partners, Lincoln Property Close $169M Office Buy - 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\/clarion-partners-lincoln-property-close-169m-office-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarion Partners, Lincoln Property Close $169M Office Buy\" \/>\n<meta property=\"og:description\" content=\"The creative campus near Los Angeles\u2019 Westside encompasses three Opportunity Zone buildings in Culver City, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/\" \/>\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=\"2020-02-06T15:37:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-11T19:38:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1495\" \/>\n\t<meta property=\"og:image:height\" content=\"1159\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\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\/clarion-partners-lincoln-property-close-169m-office-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/\",\"name\":\"Clarion Partners, Lincoln Property Close $169M Office Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\",\"datePublished\":\"2020-02-06T15:37:01+00:00\",\"dateModified\":\"2020-02-11T19:38:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg\",\"width\":1495,\"height\":1159,\"caption\":\"Jefferson Creative Campus. Image courtesy of Newmark Knight Frank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Clarion Partners, Lincoln Property Close $169M Office Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\",\"name\":\"Sergiu Inizian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"caption\":\"Sergiu Inizian\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Clarion Partners, Lincoln Property Close $169M Office Buy - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/","og_locale":"en_US","og_type":"article","og_title":"Clarion Partners, Lincoln Property Close $169M Office Buy","og_description":"The creative campus near Los Angeles\u2019 Westside encompasses three Opportunity Zone buildings in Culver City, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-02-06T15:37:01+00:00","article_modified_time":"2020-02-11T19:38:11+00:00","og_image":[{"width":1495,"height":1159,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg","type":"image\/jpeg"}],"author":"Sergiu Inizian","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/","url":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/","name":"Clarion Partners, Lincoln Property Close $169M Office Buy - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg","datePublished":"2020-02-06T15:37:01+00:00","dateModified":"2020-02-11T19:38:11+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg","width":1495,"height":1159,"caption":"Jefferson Creative Campus. Image courtesy of Newmark Knight Frank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lincoln-property-close-169m-office-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Clarion Partners, Lincoln Property Close $169M Office Buy"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a","name":"Sergiu Inizian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","caption":"Sergiu Inizian"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Jefferson-Creative.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004388620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/868"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004388620"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004388620\/revisions"}],"predecessor-version":[{"id":1004390024,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004388620\/revisions\/1004390024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004388791"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004388620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004388620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004388620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}