Hines is adding to its collection in Los Angeles’ Westside. Hines Global Income Trust bought the Runway mixed-use property in Playa Vista for $428 million, L.A. Business First reported. The seller was Invesco Real Estate, which last bought the development in 2016 for $475 million. The retail, residential and medical property at 12775 Millennium Drive spans 630,000 square feet and was 94 percent leased at the time of the sale, per Business First. The retail portion is spread across 246,000 square feet and is anchored by a Whole Foods, Other tenants include CVS Pharmacy, Chase Bank, Healthy Spot, Bike Attack, […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico