With much of Playa Vista's new office space now spoken for, investors have turned to renovating existing buildings in an effort to lure more high-tech tenants to the neighborhood.
12655 W. Jefferson Boulevard
Los Angeles-based real estate investment trust Hudson Pacific Properties continues with the refurbishment of a 1980s building at 12655 W. Jefferson Boulevard.
The six-story building, which is being rebranded as the Landing at Playa Vista, will offer nearly 100,000 square feet of office space when its renovation is complete. It is being marketed as one of the few remaining large blocks available for single-tenant occupancy in the neighborhood.
The remodeling project, which was designed by architecture firm HLW International, is adding high, exposed ceilings, open floor plans and multiple outdoor decks to the building.
12555 W. Jefferson Boulevard
Across that street at 12555 W. Jefferson Boulevard, Mani Brothers Real Estate Group recently began a similar renovation of a three-story edfice built in 1985. Ongoing improvements include the installation of new exterior skin and the addition of architectural lighting. The 90,000-square-foot complex has already completed an extensive renovation of its lobby, common areas and exterior landscaping.
According to a press release from real estate firm Madison Partners, the building recently signed a 15-year lease with Providence Health System for more than 35,000 square foot of space, bringing it to full occupancy.
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