UTA Plaza and Ice House Trade Hands

BEVERLY HILLS, CA—The Rockefeller Group Investment Management Corp. has acquired an office property portfolio on Civic Center Drive in Beverly Hills from Tishman Speyer for an undisclosed amount. The 236,000-square-foot portfolio includes UTA Plaza and the Ice House, and is 100% occupied by Playboy Enterprises, United Artists Talent Agency and the Live Nation headquarters.

“We have been targeting Los Angeles’ westside for new investments, and we particularly like the Beverly Hills submarket,” John A. Rivard, SVP and managing director of Rockefeller Group, tells GlobeSt.com. “Our current investment effort is to acquire core office assets in the major gateway markets of New York, Boston, San Francisco, Washington D.C. and Los Angeles. These are high-quality, fully leased, well-located properties, so they represented an excellent opportunity for us.”