Clarion Partners & Lincoln Property Co. Acquire Culver City Office Portfolio For $169M

The office property located at 5870, 5880 & 5890 W. Jefferson Blvd in Culver City has been sold for a price of $169,000,000. The transaction took place on 02/07/2020. The property spans across an area of 60,000 square feet, resulting in a price per square foot of $2,816.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $169,000,000
• Address: 5870, 5880 & 5890 W. Jefferson Blvd, Culver City
• Square Footage: 60,000
• Price per Square Foot: $2,816
• Market: Culver City

The sellers of the property were Rader Properties Group and Rodeo Properties, while the buyers were Clarion Partners and Lincoln Property Co. The brokers involved in the deal were Kevin Shannon, Ken White, Rob Hannan, and Laura Stumm from Newmark Knight Frank, along with Ron Rader from Lee & Associates.