X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Summit Commercial Properties Inc. has acquired West LA’s Marina Corporate Centre for $17.6 million. Located directly across from the Playa Vista development, the six-story building encompasses 88,215 sf.

The facility, which stands at 12655 W. Jefferson Blvd., is 100% occupied. It is fully leased to Edu Trek, a subsidiary of Illinois-based Career Education Corp. Edu Trek recently relocated to its current site, having consolidated and expanded its operations from previous sites in Westwood.

El Segundo-based Summit Commercial was represented by a Colliers Seeley brokerage team consisting of Michael Ross, Craig Meyer and Steve Solomon. The brokers also represented the seller, Irvine-based Legacy Partners.

Legacy Partners was represented by the same Colliers Seeley team in the recent sale of Marina Tech Centre, a 68,788-sf class A office building in Playa del Rey. The facility was acquired by San Juan Capistrano-based Argus Realty Investors for $16.2 million.

These sales and other pending transactions have area brokers optimistic about a recovery in the West LA market. “West LA continues to be an attractive market due to its regional strategic positioning and constrained market with limited new construction,” Ross says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.