Real estate investment co. buys L.A. office park

Broadreach Capital Partners LLC acquired a 157,000 square-foot office campus known as Park Place located in the West Los Angeles market of Culver City, Calif.

The value of the transaction was $27.3 million.

RREEF sold the office park.

Park Place consists of 16, two-story, low-rise office buildings, which range in size from 8,000 to 15,000 square feet. The project is located off of the I-405 and the 90 freeways.

The company will enhance the project through a variety capital improvement projects and has enlisted Nicole Audette of Transwestern Commercial Services to provide day-to-day onsite property management services. Broadreach is also working with brokers Steve Solomon and Craig Meyer of Trammell Crow Co. for leasing and sales.

Broadreach Capital Partners LLC is a real estate private equity firm that invests in a variety of western U.S. commercial real estate.

***

What's your opinion? Send your Letter to the Editor to newsroom@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.