JPMorgan Looks to Unload Amazon-Leased Office in Santa Monica
November 4, 2022 | Greg Cornfield | Commercial Observer
J.P. Morgan Asset Management is looking to unload a trophy office campus in Santa Monica, Calif., that’s leased to major tenants such as Amazon and Sony, Commercial Observer has learned, in perhaps another sign that institutional investors are losing confidence in office space.
The Water Garden features more than 1.4 million square feet over 17 acres, making it the largest office campus north of the Interstate 10 Freeway on Los Angeles’ Westside, according to marketing details shared with CO. The campus at 1620 26th Street is 84 percent occupied. No asking price was included.
