CULVER CITY, CA-Hudson Pacific Properties has acquired a 158,873-square-foot office building at 10950 Washington Blvd. from an affiliate of Embarcadero Capital Partners LLC. The Los Angeles-based REIT said that, as part of the acquisition, it assumed a $30 million loan.
Hudson Pacific describes 10950 Washington as "located in one of West Los Angeles’ premier entertainment business districts." The office property is 99.5% leased, with an average lease term of five years.
Set on 5.5 acres, the property consists of an 86,987-square-foot, three-story office building and a 71,886-square-foot building comprising office space, two sound stages and a caf
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