UCLA Acquires Westside Pavilion, Plans Research Park, Potential Performance Space
deadline.comUCLA has acquired the former Westside Pavilion shopping mall, which the university will transform into the UCLA Research Park, with Google assisting on converting part of the property.
Terms of the deal were not disclosed. “This acquisition will be absolutely transformative for UCLA, our great city, and the world.
Gov. Gavin Newsom and the California Legislature helped make this possible through a generous state investment, and we are deeply thankful for their support,” said UCLA Chancellor Gene Block. “We will remake the empty former mall into a state-of-the-art hub of research and innovation that will bring scholars from different higher education institutions, corporate partners, government agencies and startups together to explore new areas of inquiry and achieve breakthroughs that will serve our global society.” The 700,000-square-foot property, located two miles south of the Westwood campus, will initially host two multidisciplinary research centers: the California Institute for Immunology and Immunotherapy at UCLA and the UCLA Center for Quantum Science and Engineering.
UCLA acquired the property and the attached multiplex theater — occupying 10800, 10830 and 10850 W. Pico Blvd. — from Hudson Pacific Properties and Macerich.
Read more on deadline.com