Jaden Rosselli Of Drawbridge Realty Acquires Santa Monica Office Building Leased To Universal Music Group For $185M

The property involved in the transaction is a Class A office building located at 2220 Colorado Avenue in Santa Monica. The asset encompasses a total square footage of 225,773 and is fully leased to Universal Music Group (UMG). The sale concluded at a price of $185 million, translating to a price per square foot of $819. The property spans six stories and includes features such as two recording studios and state-of-the-art conference facilities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $185,000,000
• Buyer: Jaden Rosselli - Drawbridge Realty
• Seller: David Gilbert - Clarion Partners
• Brokers: Alex Foshay, Ken White, Kevin Shannon, Laura Stumm, Michael Moll & Rob Hannan - Newmark
• Tenant: Lucian Grainge - Universal Music Group (UMG)
• Lease Status: Recently extended long-term lease from UMG
• Location: Silicon Beach

The key individuals involved in the deal include Jaden Rosselli representing Drawbridge Realty as the buyer, and David Gilbert of Clarion Partners as the seller. The brokerage firm Newmark facilitated the transaction with brokers Alex Foshay, Ken White, Kevin Shannon, Laura Stumm, Michael Moll, and Rob Hannan playing significant roles. Lucian Grainge represents the tenant, Universal Music Group (UMG), which emphasizes the building's importance as their operational headquarters.