12800 Culver Blvd. Picture courtesy of CommercialEdge
GI Companions has paid $211 million for 12800 Culver Blvd., a 185,315-square-foot facility in Los Angeles, public information present. The agency acquired the asset on behalf of its Important Tech + Science Fund.
The earlier proprietor was AT&T, which bought the asset in 2010 for $6.5 million, in keeping with CommercialEdge data. CBRE Capital Markets represented the vendor within the deal.
The ETS fund launched in 2021 and, since that point, has bought 20 properties throughout the U.S., specializing in knowledge facilities and life science belongings.
In certainly one of its more moderen funding offers, the fund acquired 4 life science properties totaling greater than 407,000 sq. ft in Cambridge, Mass., South San Francisco and San Carlos, Calif. The fund’s life science portfolio additionally contains Mt. Eden Analysis Park in Hayward, Calif., and 3701 Market St. in Philadelphia.
The newly bought Los Angeles asset
Accomplished in 1968 on a 13-acre web site, the ability served as a broadcast heart for AT&T and DirecTV, its subsidiary. The property options large-scale knowledge storage and high-capacity digital content material distribution capabilities that embrace superior electrical and mechanical tools, satellite tv for pc arrays and intensive fiber connectivity.
Situated within the Marina Del Rey submarket, the property is roughly 17 miles from downtown Los Angeles, having direct entry to Interstate 405. Los Angeles Worldwide Airport is lower than 5 miles south.
