Tishman Could Net More Than $600M

0
Tishman Could Net More Than $600M
Silicon Beach Buildings: The Collective (left) and Brickyard.

New York-based Tishman Speyer Properties will list its Brickyard and Collective at Playa Vista campuses in Playa Vista, according to a source familiar with the matter.

The properties are expected to fetch more than $600 million. Tishman Speyer declined to comment.

Eastdil Secured has the listings.

Brickyard, at 12105 and 12126 W. Waterfront Drive is a 425,300-square-foot campus with creative office space and retail.

Collective, located at 12005, 12015, 11975, 11985 and 11995 West Bluff Creek Drive is a 204,422-square-foot campus with five buildings.

Tenants in the Silicon Beach neighborhood include Facebook Inc., which recently signed a lease to increase its footprint in the area.

Earlier this month, the Business Journal reported Tishman Speyer had a deal in the works to sell the Wilshire Courtyard, a 1-million-square-foot complex in Miracle Mile, to Onni Group of Cos. Ltd. for roughly $630 million. Tishman Speyer purchased the Wilshire Courtyard in 2012 for $423 million.

Tishman Speyer’s properties include Rockefeller Center and Yankee Stadium in New York and 555 Mission St. in San Francisco.

No posts to display