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UCLA Acquires Westside Pavilion Mall In Rancho Park, Los Angeles

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SOLD

California

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Retail1,740,000 SF
Sold 12/27/2023
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Property Image
SOLD

UCLA Acquires Westside Pavilion Mall In Rancho Park, Los Angeles

10800 West Pico Boulevard, 10830 West Pico Boulevard & 10850 West Pico Boulevard

See Similar Deals
Retail1,740,000 SF
Sold 12/27/2023
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:1,740,000 SF
Transaction Type:Sale

The Westside Pavilion mall in Rancho Park, Los Angeles, has been sold in a transaction that disrupts Google's plan for a Los Angeles office campus. The property, located at 10800-10830 & 10850 West Pico Boulevard, covers a total area of 580,000 square feet and is classified as a retail asset. The sale involved a buyer and seller, with UCLA's Gene Block representing the buyer and Hudson Pacific Properties' Victor Coleman representing the seller. The specific purchase price and other financial details have not been disclosed.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Date: 12/27/2023
  • Address: 10800-10830 & 10850 West Pico Boulevard
  • Market: Rancho Park, Los Angeles
  • Seller: Hudson Pacific Properties - Victor Coleman
  • Buyer: UCLA - Gene Block

This deal marks the end of Google's One Westside project as UCLA's purchase of the Westside Pavilion mall includes the area that Google had begun renovating for its office campus. The exact plans for the property by UCLA have not been disclosed at this time.

Players

3 deals$160M volume
BUYER

Details

SOLD
IMAGE: Victor Coleman & Gene Block DATE: 12/27/2023 ADDRESS: 10800-10830 & 10850 West Pico Boulevard MARKET: Rancho Park, Los Angeles ASSET TYPE: Retail ~ SF: 580,000 BUYER: UCLA (@UCLA) - Gene Block (@UCLAChancellor) SELLER: Hudson Pacific Properties (@HudsonPPI) - Victor Coleman NOTE: UCLA is buying the Westside Pavilion mall, disrupting Google's plan for a Los Angeles office campus. The purchase, including the area Google began renovating, ends the tech giant's One Westside project, while UCLA's plans for the property are unknown.

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