{"id":1004695459,"date":"2023-12-22T05:03:34","date_gmt":"2023-12-22T13:03:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004695459"},"modified":"2023-12-22T06:34:26","modified_gmt":"2023-12-22T14:34:26","slug":"skanska-sells-71m-la-area-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/skanska-sells-71m-la-area-office-asset\/","title":{"rendered":"Skanska Sells Beverly Hills Office Asset for $71M"},"content":{"rendered":"
\"9000<\/a>

9000 Wilshire Blvd. in Beverly Hills, Calif., marks the Skanska\u2019s first project in the Los Angeles region. Image courtesy of Skanska<\/em><\/p><\/div>\n

Skanska <\/strong>has sold an office building in Beverly Hills, Calif., for approximately $71 million. A Europe-based company acquired the asset, 9000 Wilshire.<\/p>\n

Standing four stories tall, the office building is 50,148 square feet, according to CommercialEdge data. It includes a rooftop terrace and four subgrade parking levels.<\/p>\n

Skanska initially broke ground on 9000 Wilshire in 2020. It was the company\u2019s first project in the Los Angeles area.<\/p>\n

Completed in 2023, the office building is set to become the first new LEED Platinum office asset in Beverly Hills. It has attained a WiredScore Platinum certification and a two-star Fitwell certification. The same data shows that tenants of 9000 Wilshire include Farmers Insurance and Lazy Daisy Caf\u00e9.<\/p>\n

\n

READ ALSO<\/strong>: How Lifestyle Offices Are Redefining Work-Life Balance<\/a><\/p>\n

\n

Downtown Los Angeles is approximately 11 miles from the office asset with dining, retail and entertainment options. Tenants have access to a number of retailers in Beverly Hills including a Whole Foods Market, The Cheesecake Factory, Il Pastaio and Saks Fifth Avenue. The notable street, Rodeo Drive, is less than a mile away.<\/p>\n

Skanska\u2019s busy year<\/h2>\n

Throughout the year, Skanska has been highly active throughout many markets nationwide. Earlier in the summer, the company signed a deal to develop an approximately 398,000-square-foot research center<\/a> in Boston. The mixed-use project is worth $311 million and is anticipated to complete in September 2026.<\/p>\n

Skanska also topped out an office tower in Bellevue, Wash.<\/a>, this year. The Class A office space totals 541,00 square feet and is slated to complete in March of 2024. It stands 25 stories tall and will include a standalone 1,000-square-foot mass timber retail pavilion.<\/p>\n","protected":false},"excerpt":{"rendered":"

9000 Wilshire marks the company\u2019s first project in this market. <\/p>\n","protected":false},"author":3006,"featured_media":1004695460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1594,21742,21747,15],"tags":[32886],"class_list":["post-1004695459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-skanska"],"acf":[],"yoast_head":"\nSkanska Sells Beverly Hills Office Asset for $71M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Located in Beverly Hills, the four-story office building was completed this year. 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