Intercontinental Real Estate Corporation, a Boston-based real estate fund manager, and The Swig Company, a San Francisco–based real estate investment firm, have sold the four-building creative campus known as Bristol 61 in Culver City, Calif. Terms of the transaction were not disclosed.
The two companies are also partners in the ownership of 6300 Wilshire in Los Angeles’ Miracle Mile.
Bristol 61 (formerly known as Fox Hills Business Park) is a four-building, 75,941-square-foot, low-rise creative office campus located in the Corporate Pointe submarket of Culver City. The submarket is immediately across the 405 freeway from Playa Vista, a popular submarket for creative tenants and home to the Los Angeles offices of YouTube, Electronic Arts and Facebook. The property is situated on four separate legal parcels totaling 4.88 acres with surface parking for 265 cars. The property’s location is equally proximate to the major Westside markets of Santa Monica, Playa Vista, Century City and Beverly Hills. Bristol 61 is only 2.9 miles from LAX and immediately accessible to the 405 and 10 freeways. This accessibility is an important consideration for growing creative and life-science companies looking to attract and retain talent seeking an easier commute.