Sunny Hills Acquires Repositioned Culver City Office Campus
Newmark has arranged the sale of 400 and 600 Corporate Pointe, a newly repositioned, two-building Class A office campus totaling 461,960 square feet in Culver City, California. While the sale price was not disclosed, the property previously traded for $131.25 million in 2015.
The seller, whose identity remains confidential, was represented by Newmark’s Kevin Shannon, Co-Head of U.S. Capital Markets; Vice Chairmen Ken White, Rob Hannan, Michael Moll, and Laura Stumm; and supported by Executive Managing Director Bill Bloodgood and Director Alex Bergeson, who served as local market leasing experts.
Sunny Hills Management Co. acquired the office campus. Newmark’s Co-President of Global Debt & Structured Finance, Jonathan Firestone, along with Vice Chairman Blake Thompson and Director Henry Cassiday, advised on debt strategy and financing for the transaction.
“This is another example of a family office syndicate, including both domestic and international investors, capitalizing on a compelling investment opportunity,” said Shannon. “Culver City is a highly sought-after submarket in West Los Angeles, offering significant long-term upside for these patient and strategic investors.”
