Lendlease Acquires Development Site In Culver City For $92M

A development site located at 3401 S. La Cienega Blvd in Culver City has been sold for $92,000,000. The property spans across 3.6 acres. The sale transaction took place on January 4, 2021. The buyer of the property is Lendlease, represented by Arden Hearing and Aware Super Secure. The seller is La Cienega Properties Ltd. The deal was facilitated by brokers Kevin Shannon, Ken White, Laura Stumm, Rob Hannan, and Anthony Muhlstein from Newmark.

Summary of transation details

• Property Type: Development site
• Transaction Amount: $92,000,000
• Address: 3401 S. La Cienega Blvd
• Market: Culver City
• Acres: 3.6

Lendlease, with representation from Arden Hearing and Aware Super Secure, acquired the development site located at 3401 S. La Cienega Blvd in Culver City. The sale was facilitated by Kevin Shannon, Ken White, Laura Stumm, Rob Hannan, and Anthony Muhlstein of Newmark. This transaction marks a significant investment in the Culver City market and emphasizes the buyer's interest in developing the property.