LOS ANGELES, CA, December 01, 2016 /24-7PressRelease/
-- Equity Office, a U.S. office platform wholly owned by Blackstone's real estate funds that oversees 47 million square feet of Class A office space, today announced the plans for significant upgrades to be made to the Howard Hughes Center, a prominent 1.3 million-square-foot office center in West Los Angeles.
"Equity Office is pleased to announce plans to renovate the Howard Hughes Center, which will result in a new campus for its current tenants and those who will join in the future," said Brendan McCracken, Senior Vice President of Leasing at Equity Office. "With decades of market knowledge, understanding of tenants' needs, and a deep familiarity with the property, we feel confident that these renovations will enhance the value of the property and the surrounding areas."
Renovation plans will transform the project into a creative, connected campus. Through the addition of best-in-class amenities and innovative, active spaces throughout the project, Equity Office will create a more connected campus and improve the overall experience for tenants and guests of the buildings. Initial upgrades will include new pedestrian connectivity and wayfinding to better unify the five building project, enhanced, flexible outdoor entertainment areas, drought tolerant landscaping with mature trees, upgraded 'wired' lobbies, contemporary spec suites, and innovative customizable floor plans.
Located in the thriving Playa Vista submarket, Howard Hughes Center is recognized as one of the premier office centers in West Los Angeles and is home to many prominent tenants including Pepperdine University, Sony Corporation, LEG, Univision, March Vision Care, Media Temple and SDI Media.
"Since our previous ownership, Playa Vista has blossomed into one of the most sought after office locations in Southern California. There is a tremendous opportunity to enhance the project's value by repositioning the asset to provide workplace settings and amenities that not only meet the needs of today's workforce, but look to meet future needs, as well," said McCracken.
Blackstone acquired the Howard Hughes Center in November 2016.
About Equity Office
With a portfolio encompassing approximately 47 million square feet of Class A office space, Equity Office is one of the largest commercial real estate firms in the nation. Equity Office, wholly owned by Blackstone's real estate funds, focuses on meeting tenant demand and strategically addressing the changing needs of companies in superior locations throughout the country. For more information, visit equityoffice.com.
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