Situated at the corner of Wilshire Boulevard and Flower Street in Downtown Los Angeles, 800 Wilshire is a boutique Class A office building located in the heart of the City's central business district. Containing 213,000 rentable square feet on sixteen floors, 800 Wilshire is a building that offers a personalized level of tenant services and has high quality finishes in its common areas and tenant premises. Particularly unique offices exist on the 2nd floor with 20 foot ceiling heights and on the 16th floor where private balconies overlook the downtown skyline.
The Company acquired 800 Wilshire in 2004 at a favorable price that was less than $135.00 per square foot. The building increased dramatically in value since its acquisition mirroring a significant rise in the market for office buildings and benefiting from the Companyâ€™s management and marketing of the building. The Company directed a significant upgrading of the buildingâ€™s interiors and tenant spaces and has transformed what was historically ground floor office space into an active urban, street front with the introduction of a cocktail lounge, Remedy, and restaurant, Provecho, serving modern Mexican cuisine.
The Company sold the building for over $300 a foot to its institutional partner, Prudential Real Estate Investors, in June of 2008.