A partnership between Blackstone and Santa Monica-based Worthe Real Estate is marketing a vacant 1.5M office and warehouse campus in Los Angeles as a fully permitted industrial redevelopment.
CBRE is representing the partners in pitching the 39-acre property at 3880 North Mission Road, according to a Green Street alert.
The site, the former headquarters of retailer Forever 21, consists of eight buildings encompassing 1.5M SF, including 265K SF of office space and several warehouses. The partners bought the complex from Forever 21 in 2018 for about $166M.
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