
Downtown Long Beach Creative Office Sold for $61M
The Hubb, a 210,428-square-foot premier creative office property situated on a full city block in downtown Long Beach, CA, has sold for $60.5 million. The buyer was Redwood Partners, while the seller was a joint venture between Singerman Real Estate and Ocean West Capital Partners.
Located at 100 West Broadway, the recently-renovated, mid-rise campus is situated on just over two acres of land at Pine Avenue and West Broadway. Originally built in 1986, the six-story property includes an East Tower and a West Tower. The building underwent a $12 million comprehensive capital improvement program that was completed in 2017, which included the addition of high and exposed ceilings, operable windows, polished concrete floors, and full height glass lines.
The buyer in a 1031 exchange was represented by Madison Partners’ Bob Safai. NKF’s Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition