Thornton Buildings, Venice Beach, CA
In 2014, DLJ RECP acquired the Thornton Buildings, a 44,000 square foot live-work building with 108 parking spaces on the Venice Beach Boardwalk. The buildings offer unobstructed access to, and views of, Venice Beach and the Pacific Ocean. The buildings feature polished concrete floors, 17-foot ceiling heights, and rooftop decks with expansive ocean views. Venice Beach has achieved some of the highest office and live-work rents in Los Angeles, driven by the area's unique amenities, desirable west side location, and an increasing concentration of leading media and technology tenants.