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| Hines REIT buys One Wilshire  The Los Angeles office of Hines, the international real estate firm, announced that Hines REIT has acquired One Wilshire from Carlyle One Wilshire II, L.P., a subsidiary of The Carlyle Group, a global private equity firm. The Class A office tower is prominently located at the junction of South Grand Avenue and Wilshire Boulevard, in the central business district of Los Angeles. One Wilshire is a 30-story building comprised of approximately 664,248 square feet of office and retail space with a five-level subterranean parking garage for 524 cars. Designed by Skidmore, Owings & Merrill and opened in 1966, the property underwent a major renovation in 1992, consisting chiefly of telecommunication networks upgrades.One Wilshire serves some of the most dominant players in the global communication industry. The property is currently 99 percent leased, with 62 percent of the property occupied by communications companies including Verizon Communications, CRG West, Savvis/Level 3, Global Crossing, Qwest Communications and Pac-West. write your comments about the article :: © 2007 Construction News :: home page |