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2/09/22
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Buck Design purchased a 79.2k sf office building in the Little Tokyo neighborhood of Downtown Los Angeles. The creative agency plans to move into the property, located at 120 South San Pedro St, following further renovation.
The seller, Brickstar Capital, purchased the property from Union Bank in 2017 and completely overhauled the building into a creative campus in 2020 aimed at design, tech, fashion and media companies. Renovations included new spec creative office space, private furnished patio space, new tenant gym and an upgraded lobby, restrooms, signage and landscaping.
The building, originally constructed in 1985, features ground-floor retail and subterranean parking. Union Bank retained their long-term lease of the ground floor following the prior sale in 2017.
CBRE’s Taylor Watson, Brad Chelf, Phillip Sample, Chris Caras, Michael Shustak, and Ryan Phillips represented the Brickstar Capital in the transaction. Buck Design was repped by Jack Cline, Doug Cline and Evan Jurgensen of Lee & Associates.
“This transaction is just one of many in which larger tenants have decided to relocate to Downtown Los Angeles this year in order to take advantage of unique, move-in-ready creative office space,” said Sample. He added, “We are encouraged by a variety of new leases by the likes of Revolve Clothing, Twitch, Greycroft, Johnny Was, Bambee HR, and Adidas, to name a few. The irreplaceable charm of historic and industrial converted properties that feature exposed brick, operable windows, private outdoor space and other tenant amenities are proving to be in demand for creative tenants.”
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