Twelve555
Los Angeles, CA
Address:
12555 W Jefferson Boulevard, Los Angeles CA 90066
Market:
Los Angeles - Westside
Building Size:
90,000 SF
Asset Class:
Multi-Tenant Office
Date Acquired:
May 2013
Date Sold:
Mar 2015
Status:
Sold
Property Description
Twelve555 is a three story, class A office building totaling 90,000 square feet located in the heart of Silicon Beach in Playa Vista. Ocean West worked in conjunction with renowned architectural firm Skidmore, Owings & Merrill (SOM), to develop a comprehensive repositioning plan for the property including a full lobby renovation, reglazing of the exterior, and activating outdoor space to a usable outdoor work environment. Ocean West identified the property as a high growth opportunity given the attractiveness of the Playa Vista submarket of Los Angeles for numerous technology and media tenants including Google, Facebook, Yahoo, and others.