Rockwood Capital Buys Playa Jefferson Office Campus in Los Angeles for $165M
LOS ANGELES — Rockwood Capital has acquired Playa Jefferson, an 11-acre creative office campus in the Playa Vista submarket of Los Angeles, for a reported $165 million. The campus is located at 12777 W. Jefferson Blvd.
Playa Jefferson contains four buildings that total 200,000 square feet. A fifth building containing 55,000 square feet is slated for construction later this year. The campus serves as the Los Angeles headquarters for Facebook. It is also home to Arup engineering firm, Omnicom advertising agency and R/GA Regus flexible workspace provider.
The seller, Vantage Property Investors, transformed the ‘70s-era property into its current creative iteration. The campus is 93 percent leased.