The Hubb
Long Beach, CA
Address:
100 W Broadway, Long Beach, CA 90802
Market:
Los Angeles – South Bay
Building Size:
210,000 SF
Asset Class:
Multi-Tenant Office
Date Acquired:
November 2015
Date Sold:
November 2018
Status:
Sold
Property Description
Acquired in 2015, The Hubb underwent a $12 million comprehensive capital improvement initiative from 2016-2017 that included renovating the lobby and common areas. The renovation further accentuated the exposed ceilings, operable windows, polished concrete floors, and full-height glass lines unique to this newlyre-imagined project. The nucleus of The Hubb’s creative environment is the unique indoor-outdoor amenity area known as the “WorkPark,” which provides a modern outdoor office environment with abundant seating, lounge chairs, round worktables, and Wi-Fi stations. As a testament to the property’s collaborative and modern appeal, Ocean West completed nearly 100,000 SF of leasing at rents 35% above pre-renovation levels.