{"id":1004587855,"date":"2022-06-27T03:34:42","date_gmt":"2022-06-27T11:34:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004587855"},"modified":"2022-12-08T14:26:55","modified_gmt":"2022-12-08T22:26:55","slug":"tishman-speyer-sells-la-creative-office-for-206m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/","title":{"rendered":"Tishman Speyer Sells LA Creative Office for $206M"},"content":{"rendered":"
\"\"<\/a>

555 Aviation. Image courtesy of Tishman Speyer.<\/p><\/div>\n

A subsidiary of FS Credit Real Estate Income Trust Inc.<\/strong> has purchased 555 Aviation, a 259,754-square-foot creative office property in El Segundo, Calif., from Tishman Speyer<\/strong> for $205.5 million.<\/p>\n

Tishman Speyer acquired the asset for $45 million in 2015, when it was a distribution and repair facility. After Xerox, the sole user, left two years later, Tishman Speyer invested $44 million in its transformation to an office campus.<\/p>\n

FS Credit was advised by a subsidiary of FS Investments<\/strong> and sub-advised by Rialto Capital Management LLC<\/strong>. Natixis Corporate & Investment Banking<\/strong> provided a $126.7 million floating-rate acquisition loan, arranged by Cushman & Wakefield,<\/strong> which also represented the seller.<\/p>\n

Office gem south of LAX<\/h2>\n

Built in 1966, 555 Aviation was fully renovated in 2018. The one-story property features floor-to-ceiling glass, high ceilings and open-air breezeways. Amenities include a fitness center, outdoor lounge areas, bike storage and 87 parking spaces, according to CommercialEdge data. The LEED Gold certified-property is fully leased to three long-term tenants: Fabletics, Saatchi & Saatchi and Belkin.<\/p>\n

Located at 555 S. Aviation Blvd., the property is some 4 miles southeast of the Los Angeles International Airport and 1 mile west of Interstate 405. Residential, retail, dining and entertainment options are available within a 1-mile radius.<\/p>\n

Executive Managing Directors Robert Rubano and Brian Share formed the Cushman & Wakefield team that arranged the financing on behalf of the buyer.<\/p>\n

Earlier this month, Tishman Speyer closed the largest-ever investment sale in Silicon Valley<\/a>, selling the Meta Campus in Sunnyvale for $707 million to CommonWealth Partners. The company had purchased the asset for $356 million only 14 months earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"

Natixis provided a $127 million acquisition loan.<\/p>\n","protected":false},"author":3142,"featured_media":1004588193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,22251,21783,1594,21742,21747,15],"tags":[32799,32779,34029,33028,33224],"class_list":["post-1004587855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-in-focus","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-cushman-wakefield","tag-leed","tag-natixis","tag-rialto-capital-management","tag-tishman-speyer"],"acf":[],"yoast_head":"\nTishman Speyer Sells LA Creative Office for $206M - CPE<\/title>\n<meta name=\"description\" content=\"Tishman Speyer sold 555 Aviation in El Segundo, Calif., to FS Credit Real Estate Income Trust, after seven years of ownership.\" \/>\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\/tishman-speyer-sells-la-creative-office-for-206m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tishman Speyer Sells LA Creative Office for $206M\" \/>\n<meta property=\"og:description\" content=\"Tishman Speyer sold 555 Aviation in El Segundo, Calif., to FS Credit Real Estate Income Trust, after seven years of ownership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/\" \/>\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=\"2022-06-27T11:34:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:26:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/555-Aviation.-Image-courtesy-of-Tishman-Speyer.-e1656399553673.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\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\/tishman-speyer-sells-la-creative-office-for-206m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/\",\"name\":\"Tishman Speyer Sells LA Creative Office for $206M - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/555-Aviation.-Image-courtesy-of-Tishman-Speyer.-e1656399553673.jpg\",\"datePublished\":\"2022-06-27T11:34:42+00:00\",\"dateModified\":\"2022-12-08T22:26:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9ddda76c3d540297067f1385ee79340d\"},\"description\":\"Tishman Speyer sold 555 Aviation in El Segundo, Calif., to FS Credit Real Estate Income Trust, after seven years of ownership.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-la-creative-office-for-206m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/555-Aviation.-Image-courtesy-of-Tishman-Speyer.-e1656399553673.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/555-Aviation.-Image-courtesy-of-Tishman-Speyer.-e1656399553673.jpg\",\"width\":800,\"height\":600,\"caption\":\"555 Aviation. 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