California + Los Angeles + Office | August 3, 2022

Avison Young Brokers $11M Sale of Historic Creative Campus in Los Angeles

Historic LA Creative Campus Sells for $11M

Redcar Properties, LLC, a Los Angeles-based development group, has purchased The Canvas @ Sunset Junction, a 35,000-square-foot creative commercial campus in a deal brokered by Avison Young. The building, located in the Silverlake neighborhood of Los Angeles and built in 1928, was specifically designed to paint backdrops for the burgeoning film industry.

Avison Young Principal John Tronson and Vice President Thor Lee represented the seller, a joint venture of Grosh Scenic Studio, Inc. & TTADA, LLC. “Our team marketed the property unpriced and conducted dozens of tours with interested developers and users,” said Lee in a news release. “Ultimately, we selected Redcar due to its impressive track record, competitive offer and familiarity with this region of Los Angeles.” Redcar is planning a full renovation.

Key architectural features of The Canvas @ Sunset Junction include extremely high bow truss, clear span ceilings with dozens of skylights and exposed wood beams. The purchase also includes an adjacent parking lot.

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Redcar PropertiesAvison Young's Thor Lee

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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