One Wilshire

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Coordinates: 34°02′52″N 118°15′20″W / 34.0479°N 118.2556°W / 34.0479; -118.2556
Source: Wikipedia, the free encyclopedia.

One Wilshire
meet-me-room

One Wilshire is an office building located at the junction of

ISPs with interconnected networks.[8]

In 2001 the

Houston, Texas paid $287 million for One Wilshire in 2007.[3] It sold in 2013 from Hines Real Estate Investment Trust to GI Partners for $437.5 million, the highest price ever paid for an office building in downtown Los Angeles.[3] As of 2013 it was one of the top three telecommunications centers in the world,[3] and by 2015 One Wilshire was "the most highly connected Internet point in the western U.S.",[2] with submarine communications cables allowing "one-third of Internet traffic from the U.S. to Asia [to pass] through the building."[2]

History

Construction and first decades (1960s–2006)

Ground was broken for One Wilshire in 1964, and the building was completed in 1966

Skidmore, Owings and Merrill[4] and built by Del E. Webb Construction[9] to be a standard office building[2] with thirty floors[2] and 664,000 square feet (61,700 m2) of space.[2] Even though address of the building is on Grand, the building's name, One Wilshire, was suggested by Morris Pynoos,[10] as vice president of S. Jon Kreedman Co., who saw the building's location as the start of Wilshire from the east and end of Wilshire from the west. It selected by developer S. Jon Kreedman, who would later become known for converting The Century Towers in 1977.[3] At one point in its first few decades, One Wilshire entirely housed law offices.[5] "Traditional corporate tenants" began moving out in the early 1990s,[2] and the building instead became popular with telecommunications companies, in part because the AT&T Switching Center was only two blocks away.[2]

One Wilshire is located near

SBC Communications/Pacbell's central switching station at 400 S. Grand, with its towering, now nearly obsolete, microwave antenna. With deregulation looming in the 1980s, Pacific Bell banned competitors from the central switching station. Long distance carrier MCI thus mounted its own microwave station on the roof of One Wilshire, at the time one of the tallest buildings with good lines of sight in downtown. And so began One Wilshire's importance as a telecom site.

— The Center for Land Use Interpretation, 2013[4]

In 1992, One Wilshire underwent a major renovation, with the improvements largely related to telecommunication network upgrades.

Carlyle Group bought the building for $119 million, subsequently spending $30 million on infrastructure improvements.[1] As of 2002, the building had five generators for the event of a blackout. Cooling units were primarily on the third floor, as well as on the roof.[4]

Sale to Hines Real Estate (2007–2012)

The One Wilshire building (pictured behind the brownstone) is said to be "... the main hub of the internet for the entire Pacific Rim,"[8] due to the large concentration of telecommunications companies as tenants.[4]

In December 2006, the

ISPs with interconnected networks.[8] At that point, the building had only four of its thirty floors devoted to law offices.[8]

Recent sale and events (2013–present)

By 2013 One Wilshire was one of the top three telecommunications centers in the world, along with

Telehouse in London.[3] As a primary terminus for fiber-optic cable routes between Asia and North America,[3] One Wilshire was also the most important telecommunications hub in the western United States.[3] Hines Real Estate Investment Trust sold the building to GI Partners in July 2013, for a total of $437.5 million in US currency.[11] At a sale price of $660 per square foot, it was the highest price ever paid for an office building in downtown Los Angeles.[3] According to Fortune, as of 2015 the building is "the most highly connected Internet point in the western U.S.,"[2] with undersea cables allowing "one-third of Internet traffic from the U.S. to Asia [to pass] through the building."[2]

Ownership timeline

Date Seller Buyer Cost
1960s Original land owners S. Jon Kreedman & Company Unknown
2001 S. Jon Kreedman & Company
Carlyle Group
 US$119 million[1]
2007
Carlyle Group
 Hines Real Estate Investment Trust US$287 million[3]
2013 Hines Real Estate GI Partners US$437.5 million[11]

Tenants

Initially One Wilshire leased office space to law firms, though in the 1990s most of its tenants became telecommunications companies.

CoreSite Realty Corporation,[2][5][17] a data center provider which established an office in One Wilshire upon its founding in 2001.[1] As of 2015 Fiber Internet Center is a tenant, and American Internet Services also maintains a point of presence (OWPOP) at One Wilshire. Others include AT&T, Amazon Web Services, and Netflix.[2] East West Bank
also has a branch located at the main entrance, facing Grand Ave.

See also

  • List of notable meet-me rooms
  • List of buildings
  • Los Angeles skyline

References

  1. ^ a b c d e f g h LA's One Wilshire Sold for $287 Million. DataCenter Knowledge, August 6, 2007
  2. ^ a b c d e f g h i j k l m n o p q r Vanian, Jonathan (June 8, 2015). "These are the buildings that make up the 'cloud'". Fortune. Retrieved June 30, 2015.
  3. ^ a b c d e f g h i j k l m n Vincent, Roger (July 18, 2013). "One Wilshire sells for record $437.5 million". Los Angeles Times. Retrieved October 21, 2015.
  4. ^ a b c d e f g h One Wilshire: Telco Hotel Central Archived November 25, 2015, at the Wayback Machine". Center for Land Use Interpretation. Accessed September 21, 2013.
  5. ^ a b c d e f g Jardin, Xeni (February 19, 2007). "Xeni Tech: A Los Angeles 'Hotel' for Internet Carriers". National Public Radio – Day to Day.
  6. ^ a b "One Wilshire". Hines. Retrieved October 21, 2015.
  7. ^ a b c Savageau, John (November 7, 2009). "Wiring Los Angeles with Eric Bender, President of Wilshire Connection". john-savageau.com. Retrieved June 30, 2015.
  8. ^ a b c d e Bullock, Dave (March 3, 2008). "A Lesson in Internet Anatomy: The World's Densest Meet-Me Room". Wired. Accessed September 21, 2013.
  9. ^ "Webb Spinner 1965-1968" (PDF). Delwebbsuncitiesmuseum.or. Archived from the original (PDF) on February 19, 2018. Retrieved December 11, 2021.
  10. ^ "M. Pynoos, 84; Civic Booster, Engineer". Los Angeles Times. Archived from the original on September 5, 2018. Retrieved April 16, 2020.
  11. ^ a b Tang, Jessica (June 5, 2015). "The Internet I.R.L." The New York Times. Retrieved October 21, 2015.
  12. ^ a b Jones, Penny (May 30, 2014). "Wilcon: Taking a regional approach to colo in LA". Datacenter Dynamics. Retrieved June 30, 2015.
  13. ^ "Data Centers at One Wilshire". wilcon.com. Retrieved July 15, 2015.
  14. ^ a b "Wilcon Acquires Freedom Dark Fiber Networks". Pamlico Capital. August 13, 2013. Retrieved June 30, 2015.
  15. ^ Yang, Justin (March 19, 2014). "Wilcon Rebrands Firms Acquired in Recent Roll-Up". Los Angeles Business Journal. Retrieved June 30, 2015.
  16. ^ Bernier, Paula (March 19, 2014). "Wilcon Announces Integration of Freedom, IX2, and Wilshire Connection". TMCnet.com. Retrieved June 30, 2015.
  17. ^ "One Wilshire Building and Tenants". Baxtel.

External links

34°02′52″N 118°15′20″W / 34.0479°N 118.2556°W / 34.0479; -118.2556

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