Drawbridge Realty buys 225.7K SF, net leased Universal Music’s Santa Monica HQ Offices for $185M ($819.41psf) from Clarion Partners

10/7/2024

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• Subcategory: Office: Urban

• Tag: Sale

• Additional Filters-Subcategory: Office: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Net Lease, Sale: Single Property

• Company: Clarion Partners

Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported $185 million. The building is 100% triple-net leased to Universal Music Group (UMG) as its operational headquarters.