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February 23, 2024 12:00 PM

�ǿ�����app����[1] announces it has arranged the sale of 5995 Sepulveda, a vacant 27,090-square-foot office building located in Culver City, California. The asset sold for an undisclosed amount.

�ǿ�����app���� Co-Head of U.S. Capital Markets Kevin Shannon, Vice Chairmen Ken White, Rob Hannan, Laura Stumm and Michael Moll and Executive Managing Directors Steve Kolsky, Greg Frankovich and A.J. Dorn represented the undisclosed seller in the sale to a private investor, who purchased the asset for occupancy.

“The sale of 5995 Sepulveda to a user exemplifies a growing trend of owner-user acquisitions in the market,�� said Stumm. “The buyer, who will be moving its headquarters to the building, was drawn to the asset’s central westside location, freeway adjacency and improved interiors.��

5995 Sepulveda is a newly renovated, best-in-class creative office project with custom interiors, a column-free layout and unique 12,000 square-foot floor plates. The property features a landscaped outdoor seating area and 24/7 onsite security and access control.

The property’s direct adjacency to the I-405 presents excellent signage, visible to over 316,000+ vehicles per day. Additionally, the property is situated across the street from Westfield Culver City shopping center, providing tenants access to an abundance of retail amenities and restaurants.

Culver City has cemented itself as the epicenter of technology and media growth in Los Angeles. Dominant industries which have driven activity on the Westside, namely tech and media, are still active in the submarket but have somewhat pulled back on expansion in the last few months. Culver City has emerged as a core city of Silicon Beach in recent years, according to �ǿ�����app���� Research. A revitalized downtown and Expo Line connectivity to Santa Monica and Downtown Los Angeles favor the city with notable space committals include Apple (+/-934,000 SF), Amazon (710,000 SF) and HBO (240,000 SF).

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app������), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. �ǿ�����app����’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, �ǿ�����app���� provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, �ǿ�����app���� generated revenues of approximately $2.7 billion. As of September 30, 2023, �ǿ�����app����’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow .

Discussion of Forward-Looking Statements about �ǿ�����app����
Statements in this document regarding �ǿ�����app���� that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, �ǿ�����app���� undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see �ǿ�����app����’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

[1] Dba �ǿ�����app���� Knight Frank in California