Villea

Hillcrest, CA | 350,000 SF

  • Acquired with GE Asset Management in 1996 for $25M / $ 70 PSF

  • Path of progress location adjacent to West eld’s Horton Plaza (West eld Mall)

  • Project 75% leased and su ered from homeless element at base of building

  • Transformed public plaza into farmers market and concert venue

  • Established annual “Fantasy on Ice” ice rink in plaza as fundraiser for Rady’s Children’s Hospital

  • Partnered with Intel, Cisco, Corning to develop the rst Building Optical Network (BON)

  • Signed 20 year lease with NBC Digital Studios and re-branded asset as mini “Rockefeller Plaza”

  • Signed 15,000 SF lease with SimpleNet / Yahoo (attracted to high speed ber connectivity)

  • Sold in 2004 at 95% leased for $96M / $280 PSF