Palisades Associates Inc. purchased the office building at 520 Broadway in Santa Monica, CA. for $31.6 million or $265 per square foot.This six-story building was built in 1981 and was 85% leased when sold. There will be a major renovation program for the buildings common areas, elevators, interiors and entrance. Available office suites range in size from 600 square feet to full floor occupancies of 20,000 square feet. Most of these suites will offer unobstructed views of the ocean and/or Santa Monica Mountains and Santa Monica Place and Santa Monica Pier. Information provided by Costar
Originally published in the Santa Monica Daily Press print edition on July 7, 2004. Read the original PDF.