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CALIFORNIA | REAL ESTATE | THE STATE

Century City's Fox Plaza Up for Sale

March 26, 1997|(Associated Press)

Fox Plaza, the Century City landmark known for tenants such as the Ronald Reagan Presidential Foundation and 20th Century Fox Film Corp., is for sale. The building, at 2121 Avenue of the Stars, is being sold in an effort to take advantage of the strong real estate market and the recent growth of Century City, said La Salle Partners of Chicago, which owns the 34-story building. "Fox Plaza has an irreplaceable location, an extremely high replacement cost and a preeminent tenant base," said Earl E. Webb, managing director of LaSalle Partners Investment Banking Group. The company is not listing an asking price for the 710,767-square-foot building and 6 acres, although it is asking for all cash, payable at closing.

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