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| 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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