Onni Group Acquires Office Property On Wilshire Blvd From TishmanSpeyer For $630M

The sale of an office property at 5700-5750 Wilshire Blvd in Miracle Mile has been completed. The property, known as Wilshire Courtyard, spans 1,000,000 square feet and was sold for a price of $630,000,000. This translates to a price per square foot of $630.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $630,000,000
• Square Footage: 1,000,000
• Address: 5700-5750 Wilshire Blvd
• Market: Miracle Mile

The buyer of the property is the Onni Group, while the seller is TishmanSpeyer. Notably, TishmanSpeyer had previously purchased Wilshire Courtyard in 2012 for $423 million.