Carthay Campus, a two-building Class A office campus in Carthay Circle, sold last month for $75.3 million, or about $351 a square foot.
Santa Monica real estate investment trust Douglas Emmett Inc. purchased the office properties at 6310 and 6330 San Vicente Blvd. from Cambra Realty of Beverly Hills and PRP Real Estate Management of Washington, D.C. The sale closed Oct. 16 after only seven days on the market.
The public company financed the transaction using cash and a portion of its credit line, it said in a statement.
The campus, which consists of two low-rise buildings connected by a central park, was built in two phases, in 1965 and 1970. It was renovated in 2008 while owned by Lexington Commercial Holdings of Beverly Hills. Sellers Cambra and PRP acquired the property in 2009 for $44 million, according to real estate data provider CoStar Group Inc.
The two office buildings, which together total about 215,000 square feet, were about 83 percent leased at the time of sale.
Douglas Emmett, which focuses on Class A office and multifamily properties in Los Angeles and Honolulu, now owns about 15.3 million square feet of office space in 61 properties.
Real estate investment banking company Eastdil Secured represented the seller in the deal; the buyer handled negotiations internally.
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