News
Los Angeles Office

JOSS Realty Pays $1k/SF for Santa Monica Creative Office

The NY firm has purchased Lincoln Center West, a 23,557 SF at 1315 Lincoln in the heart of Santa Monica. JOSS purchased the property from a JV of Lincoln Property Co, Linwood Ventures and ASB Real Estate Investments. The $1,004/SF buy ($23.65M) represents a 5% cap for the fully leased two-story office. Built in 2005, the property is two blocks from Third Street Promenade and features 22-foot-high ceilings and creative office space. Bob Safai, Matt Case and Brad Schlaak of Madison Partners repped the sellers.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Developers Riding The Surf Park Wave With Resorts, Retail And Residences

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Immigration Crackdowns Dealt LA Businesses A Multimillion‑Dollar Blow