A joint venture between U.S. real estate investor The Swig Co. and peer Intercontinental Real Estate Corp. has divested Bristol 61, a 75,941-square-foot creative office campus in Culver City, California.
The companies sold the property to U.S. real estate investment trust company Alexandria Real Estate Equities for $39.2 million.
Bristol 61, situated at 6100-6160 Bristol Parkway in the Corporate Pointe submarket, has tenants including Siemens and the Los Angeles County Office of the Assessor.
The partnership purchased the four-building asset in 2014 for $20.2 million from U.S.-based EverWest Real Estate Partners, a real estate investment and operating subsidiary of GWL Realty Advisors.