Hines Global REIT Acquires the Campus at Playa Vista in Los Angeles
The Los Angeles office of Hines, the international real estate firm, announced today that Hines Global REIT, Inc. has acquired the Campus at Playa Vista, a four-building Class A office complex in West Los Angeles.
The Campus at Playa Vista is 97 percent leased on a long-term basis to tenants including four leading technology companies: Facebook, Inc.; Belkin International, Inc.; University of Southern California’s Institute for Creative Technology; and Internet Corporation for Assigned Names and Numbers (ICANN).
The Campus at Playa Vista was completed in 2009 and is LEED® Core & Shell Gold certified. The complex is situated on seven acres in the 1,087-acre Playa Vista master-planned community. The four-story office buildings, located at 12015, 12025, 12035 and 12045 East Waterfront Drive, contain a total of 324,944 square feet. Each glass and aluminum-clad, wedge-shaped building includes a green roof and patio on the fourth floor. The buildings are connected by 9,000-square-foot private landscaped terraces on the second floor. Beneath the buildings is a two-level garage that contains parking for 944 cars. A nine-acre, award-winning Michael Maltzan-designed park is adjacent to the property and serves as a unique campus amenity.