The 19-story office tower is situated at the corner of WilshireBoulevard and Bundy Drive in the Brentwood submarket of West LosAngeles. Designed by Tracy Price Associates, the 12100 Wilshirebuilding was completed in 1985 and was about 92% occupied at thetime of the sale.

Hines will manage and lease the property, which "gives us theopportunity to make an investment in one of the most highlysought-after markets in the US," comments Dave Congdon, senior vicepresident and HVAF II fund manager. According to Colin Shepherd,senior vice president with Hines in Los Angeles, the company plansto capitalize on strong underlying market fundamentals as itmanages the rollover of leases at the property.

West Los Angeles submarkets have been commanding some of thehighest rents ever recorded in Southern California of late, withasking rates averaging more than $4 per sf per month, according tomarket reports. That compares with average asking lease rates ofabout $2.75 per sf per month throughout the Los Angeles region.