Tishman Speyer has sold Maple Plaza, a 293,000-square-foot Class A office campus at 345 N. Maple Dr. in Beverly Hills, to Kilroy Realty Corporation for $205.3 million. For Kilroy, it’s the first acquisition in Beverly Hills; for Tishman Speyer, the sale completes a trio of dispositions in the submarket in just over a year.
“The acquisition of Maple Plaza in the highly sought-after and supply-constrained Beverly Hills submarket represents a unique opportunity to enter one of the most vibrant commercial neighborhoods in Los Angeles at a substantial discount to estimated replacement cost,” said Angela Aman, CEO of Kilroy.
Tishman Speyer paid $101 million for Maple Plaza in 2005. Its sale follows the August 2024 disposition of 407 N. Maple Dr. for $119.7 million and the divestiture of 9242 Beverly for $90 million last December.
“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 investors,” said Tishman Speyer senior managing director Ryan Botjer.
Stephen Somer and Brooke Silver with CBRE represented Tishman Speyer in the Maple Plaza sale.
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