JP Morgan Asset Management Acquires Santa Monica Office Property For $162M

The property asset involved in the transaction is an office building located at 2701 Olympic Boulevard in Santa Monica. It was sold for $162,000,000 and has a total square footage of 220,000, equating to a price per square foot of $736.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $162,000,000
• Square Footage: 220,000
• Price per Square Foot: $736
• Buyer: JP Morgan Asset Management - Mary Callahan Erdoes
• Seller: LaSalle Investment Management - Mark Gabbay
• Market: Santa Monica

Mary Callahan Erdoes represents JP Morgan Asset Management in this acquisition, while Mark Gabbay represents LaSalle Investment Management, facilitating the transaction of this prime office space that includes notable tenants such as Activision Blizzard and GoodRx.