Affiliate of The Luzzatto Company, Inc. Purchases 14,340 Square-Foot Industrial Office Building Along Proposed Expo Light Rail Line

Posted in: Latest News- May 15, 2013

SANTA MONICA, CALIF. (May 13, 2013) – 1301 Colorado, L.P., an affiliate of Santa Monica-based The Luzzatto Company, Inc. has acquired the 14,340 square-foot industrial office property located at 1301 Colorado Avenue, Santa Monica, Calif. The property was constructed in 1974 and sits on a corner lot at the T-intersection of Euclid Street and Colorado Avenue, less than four blocks from the proposed Expo Station at 17th Street and Colorado Avenue. It is situated on 15,000 square-feet of land with secure semi-subterranean parking for approximately 40 cars.

“We were attracted to this building because it is a well-located, transit-oriented property along the path of the Expo light rail” said Marc Luzzatto, CEO of The Luzzatto Company. “We strongly believe in the power of mass transit to lessen our overall carbon footprint and reduce traffic.” Mr. Luzzatto added “we are also pleased to add the Hardtail leased property to our Santa Monica portfolio that includes properties leased by such highly-regarded companies as Red Bull, Yahoo!, Jakks Pacific, Carat, The Honest Company, CVS and BevMo.”

Images are available upon request.

About The Luzzatto Company, Inc.

The Luzzatto Company, Inc. (TLC) is a Santa Monica, Calif. private equity firm that invests nationwide in real estate and real estate-related debt with existing investments in California, Texas, Washington, Nevada, Alabama, Georgia, Illinois, Missouri and Hawaii. TLC acquires properties through its equity fund, Luzzatto Real Estate Value Fund I, L.P., as well as through existing ventures and partnerships with high net worth individuals and institutional investors. Additionally, TLC’s affiliate Diversis Capital invests in small and mid-market companies’ equity and distressed debt. For more information, please visit: www.luzzattocompany.com.

Contact: Steve Elson at The Luzzatto Company, 310.829.7181, steven@luzzattocompany.com