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IDS Real Estate JV markets Calif. office campus for $280M

IDS Real Estate Group and a PNC Realty Advisors-managed pension fund are seeking $280 million from the sale of the C3 office campus at 5800 Bristol Parkway in Culver City, Calif., The Real Deal reported.

The marketed seven-story property has a private fitness center, an outdoor kitchen, bocce courts, a dog park and an amphitheater, according to the publication. It spans 311,000 square feet and is fully leased to tenants including Chinese media startup ByteDance, music management company Red Light Management, marketing firm Dentsu Aegis Network and consumer brand company Henkel.

Newmark Knight Frank is overseeing the divestment, the Jan. 16 report added.