Largely Vacant Santa Monica Offices Get New Life as School Campus

Colliers arranged the all-cash sale of Ocean Park Plaza, a two-story, 100,700-square-foot office and medical building at 2701 Ocean Park Blvd. in Santa Monica. The buyer, an undisclosed co-educational school, plans to relocate to the property and establish its new campus there.

Vice chair Sean Fulp, EVPs Mark Schuessler and Todd Tydlaska and associate VPs Jordan Garcia and Blake Hammerstein of Colliers marketed the property and facilitated the transaction on behalf of the seller. Tim Dornin and Scott Rigsby of Industry Partners and Dan Pickart of Newmark represented the buyer.

The sale repositions a, largely vacant office building for active community use. Ocean Park Plaza had approximately 73% of its space available for immediate occupancy. The acquisition returns the asset to full utility while removing it from the area’s office inventory.

“This is a great outcome for Santa Monica,” said Fulp. “The buyer gets a campus in the heart of the Westside, and the neighborhood gains an institution that adds real activity and stability.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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