Carolwood LP Acquires Office Building On Wilshire Boulevard In Los Angeles For $147.8M

The office property located at 707 Wilshire Boulevard in Los Angeles has been sold for a total of $147,800,000. The property spans a total area of 1,133,121 square feet, resulting in a price per square foot of $130. The transaction took place on December 22, 2023.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $147,800,000
• Address: 707 Wilshire Boulevard
• Market: Los Angeles
• Property Area: 1,133,121 square feet
• Price per Square Foot: $130

The buyer of the property is Carolwood LP, represented by Adam Rubin, Andrew Shanfeld, Daniel Abrams, and Adam Tischer. The seller is Shorenstein Properties. The buyer's representative in the deal is Sean Fulp of Colliers, while the seller's representative is Kevin Shannon of Newmark.