Los Angeles Media Tech Center

Los Angeles Media Tech

Los Angeles Media Tech Center – Leasing and Sale of a 187,000 Square Foot (4 Building) Flex R&D Portfolio

 Challenge:
  • Following a successful 8 years as the exclusive leasing agent for the 187,000 square foot portfolio of flex R&D buildings at the Los Angeles Media Tech Center, the existing ownership was unable to refinance the portfolio and faced foreclosure.
Solution:
  • We were retained by the court appointed receiver to continue our marketing program and successfully brought the portfolio from 90% occupancy to 100% occupancy.
  • Assisted the lender in the successful sale of the note to a new buyer at 90% of par value.
  • After competing against three other commercial brokerage firms, we were retained by the new ownership as the exclusive leasing brokers for the portfolio.