Google's building in Santa Monica has been sold—but the sale won't affect the company's status in the city.
On Monday afternoon, Santa Monica Patch spoke with a representative for Lee & Associates, which represented the building's buyer and seller. The rep said Google has a 12-month contract that will keep the company in Santa Monica for at least that long.
The date of the building's sale, along with details pertaining to the transaction, are not yet known.
The building is 45,000 square feet in size and is located at 604 Arizona Ave.
“This building has a rich history in this vibrant Los Angeles-area town, and [buyer] Hudson Pacific sees great future potential,” Lee & Associates West Los Angeles President Duncan Lemmon said in a statement. “It is an outstanding creative space in a top-tier, high-demand Santa Monica market that future entertainment and tech related tenants will find very attractive.”
The building, which is leased entirely by Google, was built in the 1950s and designed by AC Martin. Its previous tenants include General Telephone, Treasury Services and Oracle Corp.
The buyer, Hudson Pacific Properties, was represented by David Wilson of Lee & Associates West Los Angeles. The seller, Noncom Properties, was represented by the same company's Andrew Wilson. Lee West Los Angeles will retain the leasing services for the new owner.