HFF Closes the Sale of Trophy Santa Monica, California, Office Property

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 233 Wilshire, a landmark, 128,935-square-foot, trophy office building in downtown Santa Monica, California.

HFF marketed the property on behalf of the seller, and procured the buyer, Douglas Emmett, Inc., who purchased the asset free and clear.

233 Wilshire is situated on the corner of Wilshire Boulevard and 3^rd Street in downtown Santa Monica, one of the most desirable office locations in Southern California. The property is adjacent to the 3^rd Street Promenade, which attracts more than 15 million visitors per year and features retailers Nike, Nordstrom, Bloomingdale's, Apple, Tesla and Lululemon, among others. Additionally, 233 Wilshire has access to more than 375 food, retail and entertainment options within one mile of the property. The Class A asset features floor-to-ceiling ocean and mountain views, a newly-renovated lobby and common areas and a 385-stall subterranean parking garage. 233 Wilshire is 91 percent leased to tenants, including Luther Burbank Savings, Tunnel, Inc., Hirschfeld Kraemer LLP, GoodRX, Inc. and Enenstein & Ribakoff.

The HFF investment sales team representing the seller was led by senior managing directors Ryan Gallagher and Michael Leggett, who is also co-head of HFF's West Coast team, directors Andrew Harper and Tim Geiman and real estate analyst Michael Matchett.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HF. HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

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