Olive Hill Group Buys Office Campus in Culver City for $65.5M
CULVER CITY, CALIF. — Olive Hill Group has purchased a 206,538-square-foot office campus in the Los Angeles submarket of Culver City for $65.5 million. The Class A asset is located at 200 and 300 Corporate Pointe.
The buildings were 88.6 percent occupied at the time of sale. Notable tenants at the campus include Paychex, Landmark Education, DataScience, Fonality, TransUnion and Shiseido Cosmetics.
The assets were constructed in 1988 and renovated in 2004. They are part of a larger master-planned development called Corporate Pointe, which encompasses a total of eight buildings.
Bob Safai, Matt Case and Brad Schlaak of Madison Partners represented the seller, Broadreach Capital Partners, in this transaction. The new ownership has retained the firm’s Joe King to continue leasing efforts at the properties.