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The Courtyard at 200-300 Corporate Pointe, Culver City, CA
LOS ANGELES, CA – Olive Hill Group, LLC,
a Los Angeles-based private investor, operator and developer of commercial real
estate, has completed approximately $21.4 million and 97,000 square feet in
leasing activity at its newly renovated Class A creative office campus, The Courtyard at 200-300 Corporate Pointe in Culver City.
Olive Hill has
increased occupancy at the award-winning property from 72% to 95% just two and
a half years after acquiring the asset.
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| Tim Lee |
Other amenities include free Wi-Fi throughout the courtyard,
improved walkability, and modernized lighting.
Situated on the east side of the 405 Freeway near Jefferson Boulevard,
200-300 Corporate Pointe features a campus atmosphere, flexible outdoor work
space, a soothing waterfall, and a lagoon.
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"Tech jobs are the largest occupational category
driving growth in the U.S. office market with companies like Facebook, Google
and Microsoft adding 84,600 technology-related jobs between 2016 and 2026.
"The impact of this growth is being felt nationwide,
and is especially prevalent in Silicon Beach, driving many other companies to
expand and relocate to this area to be closer to regional tech growth.”
The tech footprint in Silicon Beach continues to expand with
the addition of companies like ByteDance, a highly valuable Chinese tech
start-up, moving into the area.
"Silicon Beach’s tech ecosystem is growing
exponentially,” continues Lee. “This growth is fueled by the market’s relative
affordability when compared to Los Angeles, as well as its proven ability to
attract high-quality tech talent.”
Lee adds that today’s workers gravitate to highly amenitized space in
walkable locations and confirms that Olive Hill’s properties offer these
benefits.
“Creative employers recognize that workers are drawn to lifestyle-focused
properties that foster creative and collaborative work. The Courtyard at
Corporate Pointe is a shining example of a creative workspace that delivers the
true live/work/play experience demanded by today’s tenants.”
Headquartered in Downtown Los Angeles, Olive Hill Group is a
privately-owned investor, operator, and developer of commercial real estate
properties with a diverse portfolio of office and multifamily properties.
Olive Hill Group specializes in the repositioning and renovation of
commercial assets, leveraging its fully integrated in-house platform of asset
and property management to drive growth through long-term hold periods.
The company is actively growing its investment portfolio by acquiring
mid-tier to premium assets throughout Southern California.
CONTACTS:
Lisa James / Lexi Astfalk
Brower Group
(949) 955-7940
