Barker Pacific Group

5055 Wilshire Boulevard - Los Angeles, California

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Scope

182,000-square-foot office and ground floor retail 600 space parking garage.

Challenge / Description

The project was originally developed by the Carnation Company in 1948 as its headquarters. BPG acquired the property from Carnation when the company moved to Glendale, CA.

Solution

After Carnation's vacancy, the building was completely gutted and rebuilt to first-class standards. Renovations included the addition of 50,000 square-feet of office space.

BPG procured BPI Communications (Hollywood Reporter) as the lead tenant and quickly leased up the project. The project was sold in 1993.

Acquired

1990

Completed

Renovated and expanded, 1991-1992. Sold in 1993.

Partners

Barker Pacific Group and USAA

Financing
USAA

Major tenants

  • Cigna
  • BPI Communications
  • Hollywood Reporter