Tishman Speyer has sold Maple Plaza to Kilroy Realty Corp., completing a trio of successful dispositions in Southern California’s iconic Beverly Hills market in just over a year’s time.
Tishman Speyer sold Maple Plaza for $205.3 million, or $707 per square foot. The firm originally acquired the property in 2005 for $101 million, and subsequently secured leases with a wide variety of entertainment, financial services and lifestyle customers, as well as with retailers Goop Kitchen and Cafe Ruisseau.
Last August, Tishman Speyer sold 407 North Maple Drive to Fashion Nova for $119.7 million, after originally acquiring the property in September 2005 for $71.9 million. In December, Tishman Speyer sold 9242 Beverly to Envision and Faring for $90 million, after acquiring it in 2005 for $38 million.
“Our successful exit from this trio of Beverly Hills properties after two decades of stewardship is a testament to Tishman Speyer’s ability to create value for our inv
