Torrance, CA – August 8, 2011 – (RealEstateRama) — The West Los Angeles office of Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, represented both the buyer and seller of the Google building, an iconic, 45,000-square-foot structure in Santa Monica, Calif., currently occupied by the Internet search engine giant. The terms of the acquisition were not disclosed.
Lee & Associates West Los Angeles’ David Wilson represented buyer Hudson Pacific Properties while Andrew Wilson represented seller Noncom Properties.
Designed by AC Martin, the circa-1950 building located at 604 Arizona Ave., is currently 100-percent leased by Google. Lee West Los Angeles will retain the leasing services for the new owner.
“This building has a rich history in this vibrant Los Angeles-area town, and Hudson Pacific sees great future potential,” said Duncan Lemmon, president of Lee & Associates West Los Angeles. “It is an outstanding creative space in a top-tier, high-demand Santa Monica market that future entertainment and tech related tenants will find very attractive.”
Previous tenants at the building included General Telephone, Treasury Services and Oracle Corp.
About Lee & Associates
Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.