Skanska Sells 9000 Wilshire Blvd Office Building In Beverly Hills For $71M

Skanska has sold its first commercial development in Los Angeles, the 9000 Wilshire office building, for approximately $71 million. The four-story property, located at 9000 Wilshire Boulevard in Beverly Hills, spans across 50,267 square feet. The sale price translates to a per square foot price of $1,412. The sustainably designed building, completed this year, aims to become Beverly Hills' first new construction LEED Platinum office building. It offers features such as a rooftop terrace and WiredScore Platinum certification.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $71,000,000
• Address: 9000 Wilshire Boulevard, Beverly Hills
• Square Footage: 50,267
• Price per Square Foot: $1,412
• Seller: Skanska (Anders Danielsson)

The buyer of the property has not been disclosed. The sale marks Skanska's successful venture into the Los Angeles commercial real estate market.