School’s in session: Santa Monica offices trade for $50M, poised for educational conversion
A college prep academy with two Westside locations is switching from renter to owner after acquiring an office property in Santa Monica with plans for a redevelopment. Wildwood School purchased the Ocean Park Plaza office complex at 2701 Ocean Park Boulevard for $50 million, L.A. Business First reported. Jade Enterprises was the seller, unloading the property nearly a decade after purchasing it in 2017 for $63.5 million. The offices were more than 70 percent vacant at the time of the sale. Wildwood plans to convert the two-story, 100,700-square-foot Ocean Park Plaza into a school campus for its middle and upper […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Yes, You Can Adjust Your Water Heater Temperature—Here’s Why You Might Want To
West LA home to Wine House on market at $15.5M
ELLE Decor Checks In: Le Grand Mazarin
8 Easy Ways to Unclog a Sink Without Calling a Plumber
The New Sense and Sensibility Makes Jane Austen’s World Moody and Wild
Diana Kellogg updates her Tribeca home using salvaged materials
Hilton & Hyland poach frames more flexible contract terms as recruiting flex
Is the Kitchen the New Living Room?
Lincoln Property unloads Irvine offices for double 2020 price
Housing exec pleads guilty to bilking $23M in homelessness funds
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA