The Campus at Playa Vista is changing hands, with the deal expected to close in November. Hines, the current owner is selling to an undisclosed party.
Hines purchased the property in 2016 from Tishman Speyer for $218M. The current deal is expected to close at $335M, or $1030/ft.
The four-building campus is home to Belkin, USC’s Institute for Creative Technologies. The property spans almost 325K sq ft across four four-story buildings at 12015, 12025, 12035 and 12045 East Waterfront Drive. There is also a 9,000 square foot terrace and a 944-vehicle garage.
Stunning photos of the property here.