3240 Wilshire Blvd
Koreatown, LA, CA
Harridge Development Group, was in the market for a mixed-use property in Los Angeles’ Koreatown to add to their portfolio. One potential target was the Wilshire Galleria, one of the most iconic retail buildings in the neighborhood. CBRE met with the ownership and negotiated a sale for $49 million. The team also negotiated a buyout for the existing tenant.
87,762 SF Build to Suit
MG Produce outgrew their facility in DTLA and was in need of a modern facility to accommodate their growth and modernizing business model. CBRE located an off-market site in the City of Vernon that was owned by a local developer. CBRE ensured a successful closing of a complicated Build-to-Suit, aided the client in the design process, and guided them thru the construction process.
Los Angeles, CA
CJ Corp, approached CBRE to identify locations for a new quick service restaurant concept called Bibigo for their Foodville division. They targeted Westwood Village. The team reached out directly to restaurant owners in Westwood Village and found an owner who was willing to sell his business. Since then the team has helped CJ Corp find 3 additional locations including Glendale.
Samsung Research America
Mountain View, CA
In 2011, the client needed to relocate their HQ to Silicon Valley. Big blocks of available Class A office space did not exist at the time. CBRE identified a previously entitled development which had been shelved in 2009. CBRE approached the ownership and negotiated a build-to-suit lease agreement. Samsung Research America moved into the new HQ, a 385,000 SF LEED Platinum campus in Mountain View.
SPC Group, was in the market for a large bakery/processing and distribution plant in the Santa Fe Springs and La Mirada areas of Southern California. Within a few short months, the team found the client a 115,000 SF industrial building in Commerce, California with a 14,000 SF. office component. The client signed a 10-year lease with options. The facility is now SPC Group’s West Coast HQ location.