Sunday, May 8, 2016

Olive Hill Group Acquires Two Class A Office Towers in Sought-After Silicon Beach, CA Office Market for $65.6 Million

Culver City, CA Office Campus

LOS ANGELES, CA– Olive Hill Group, LLC, a Los Angeles-based private investor, operator and developer of commercial real estate, has acquired two Class A office towers encompassing 206,538 square feet in Culver City for $65.6 million.

Situated on the east side of the 405 Freeway near Jefferson Boulevard, the campus-style property is located in close proximity to Playa Vista, a burgeoning technology market home to national tech giants such as Google, Microsoft and Facebook.

“Our investment strategy is to capitalize on the growth of the tech-centric area of Silicon Beach by transforming this institutional quality office campus into a creative office space, providing a value oriented alternative to offices in Playa Vista,” says Michael Cho, President of Olive Hill Group.

“This will allow us to attract emerging technology start-up companies and ancillary service providers by catering to their demand for creative office space near Playa Vista and the rest of Silicon Beach.”

For a complete copy of the company’s news release, please contact:

Katie Kea / Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940

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