Affiliate of The Luzzatto Company, Inc. Purchases 14,200 Square Foot Creative Office Property in Culver City, CA

Posted in: Latest News- Feb 16, 2017 No Comments

SANTA MONICA, CALIF. (January 9, 2017) – 10401 Jefferson, LP, an affiliate of Santa Monica-based The Luzzatto Company, Inc. has acquired the 14,200 square foot creative office property at 10401 Jefferson Blvd., Culver City, Calif.

The property is located just east of Overland Avenue in a thriving pocket of creative office properties and is situated on approximately 0.42 acres of land. The Property is currently 100% leased to tenant Magento, a subsidiary of Ebay Inc. Following the expiration of Magento’s lease in April, renovations will commence to convert the two-story building into a premium creative office asset with a new lobby, outdoor deck, façade, windows and premium interior buildout. Delivery is expected to occur in October of 2017.

“We were attracted to this property because of the limited supply of creative office conversion opportunities on the Westside in this size range. We intend to deliver a best-in-class creative office design coupled with an attractive parking ratio” said Ron Harari, Principal and Managing Director of The Luzzatto Company, Inc. “The property will allow tenants an opportunity to project their own identity on an entire building.”

Ron Harari and Max Baldi directed the acquisition on behalf of The Luzzatto Company, Inc.

The buyer was represented by Aleks Trifunovic and Keith Fielding of Lee & Associates West Los Angeles; the seller was represented by Tibor Lody of Lee & Associates West Los Angeles.

1038 Princeton Buys Creative Office Campus

Posted in: Latest News- Oct 29, 2013 No Comments

1038 Princeton purchased this 32,000-square-foot creative office campus.

LOS ANGELES-1038 Princeton, an affiliate of the Luzzatto Co., has acquired a creative office campus for $10.7 million. The property, located at 1038-1042 Princeton Dr. in Marina del Rey, was 30% leased at the time of the sale.

“We were attracted to this property because it represented a great opportunity to acquire a red-brick creative campus in the supply-constrained Westside market at an attractive basis,” says Ron Harari, managing director of the Luzzatto Co.

The two-building property has a total of 32,000 square feet and sits on 46,381 square feet of land. 1038 Princeton plans to add landscaping around the building and interior improvements and upgrades. The property also has surface-area parking for 65 cars, which the company plans to repave. “We also believed there to be strong, intrinsic land value at the site due to its location within a densely populated residential corridor of the Marina,” says Harari.

The trend toward creative office is spreading to non-creative companies as well. Last week, GlobeSt.com reported the Mar Ventures is building a 15-building speculative creative office development in El Segundo aimed at both creative and non-creative companies who can benefit from open floor plans and collaborative environments.

Colorado Avenue Office Building Near Expo Light Rail Line Route Purchased

Posted in: Latest News- May 16, 2013 No Comments

An affiliate of Santa Monica-based The Luzzatto Company, Inc. — 1301 Colorado, L.P.– has acquired the 14,340 square-foot industrial office property located at 1301 Colorado Avenue, Santa Monica.

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.

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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 No Comments

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.

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Expo Changes Real Estate Game in Santa Monica

Posted in: Latest News- May 14, 2013 No Comments

With the coming Expo Light Rail, so too comes the promise of easier, traffic-free commutes from Downtown Los Angeles to Downtown Santa Monica.

That’s one reason why The Luzzatto Company, Inc., the local real estate company which owns the Village Trailer Park, recently bought a 14,340 square-foot industrial office property on Colorado Avenue, just four blocks west of the future 17th Street Expo Light Rail stop.

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Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction

Posted in: Latest News- Mar 03, 2013 No Comments

Holiday Fenoglio Fowler recently announced that it has provided a refinancing plan to The Luzzatto Company, Inc. and Welk Real Estate, Inc. HFF arranged $14 million for the property located at 2700 Pennsylvania Avenue, a creative office building in one of the country’s budding markets for tech-oriented tenants. With Microsoft as the latest company to express its interest in Silicon Beach, a number of office space owners are looking to recapitalize on their local assets in order to make sure that their properties will be among the ones that bring in the next big tech names to the area.

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Done Deals: HFF secures $6.5 million refinancing for Burbank, CA

Posted in: Latest News- Nov 14, 2011 No Comments

LOS ANGELES, CA – HFF announced today that it has secured a $6.5 million refinancing for 100 East Graham Place (top left photo), a 92,688-square-foot, four-building industrial facility in Burbank, California.

Working on behalf of The Luzzatto Company, Inc, HFF placed the five-year, 4.25 percent fixed-rate loan with JP Morgan Chase Bank, N.A.  The loan replaced a maturing loan on the property.

100 East Graham Place is located less than one mile northeast of the Golden State Freeway in Burbank.  The facility is 80 percent occupied by Haskel International, a subsidiary of Hamilton Sundstrand/United Technologies and 20 percent occupied by a videogame developer.  100 East Graham Place is comprised of 40 percent office space and 60 percent industrial space.

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Madison Partners sells 1637 Lincoln Boulevard

Posted in: Latest News- Nov 01, 2011 No Comments

Madison Partners is pleased to announce the sale of 1637 Lincoln Boulevard, located between Broadway Avenue and Olympic Boulevard in one of the most sought after areas in Southern California. Century West Partners purchased approximately 22,000 square feet of building on approximately 36,500 square feet of land and paid $13,000,000 for the Property.

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