The One Wilshire property, at South Grand Avenue and WilshireBoulevard, also includes retail space and a five-level subterraneanparking garage for 524 cars. Owned by the Carlyle Group and managedby Carlyle subsidiary CRG West since 2001, it was completed in 1966and underwent a major renovation in 1992 that consisted primarilyof telecommunication networks upgrades.

The One Wilshire building is one of the country's largesttelecommunications switching centers and is 99% leased, with 62% ofthe property occupied by communications companies including VerizonCommunications, CRG West, Savvis/Level 3, Global Crossing, QwestCommunications and Pac-West. Charles Hazen, president of HinesREIT, calls it "one of the world's premier telecommunicationsassets."

Carlyle's CRG West subsidiary is one of the largest managers ofnetwork-neutral data centers in the US. CRG is the largest tenantat One Wilshire and occupies more than 170,000 sf under a leasethat runs through June of 2017.