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Tishman Said to Market West Los Angeles Office Campus

Bloomberg March 25, 2013

Tishman Speyer Properties LP, owner of New York’s Rockefeller Center, is seeking a buyer for its Campus at Playa Vista, a four-building office complex on the west side of Los Angeles.

The property will probably fetch more than $200 million, according to a person with knowledge of the matter. Offers for the four-story buildings, which have an occupancy rate of 97 percent, are due on April 2 and a sales contract is likely by the middle of that month, according to the person, who asked not to be named because the deal is private. Tenants include Facebook Inc. (FB) and USC Institute for Creative Technologies.

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