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West Adams Creative Office Project Secures Acquisition, Redev Financing
The Luzzatto Company, Inc. secured $37.2 million in bridge financing to complete the acquisition and redevelopment of Exposition 3 into a multi-phase creative office campus in Los Angeles’ West Adams submarket. The 2.2-acre site at 3101 W Exposition Blvd., is adjacent to two metro stations and within an Opportunity Zone.
JLL’s Jeff Sause, Paul Brindley and Spencer Richley arranged the 30-month, floating-rate loan with TerraCotta Group. Loan proceeds will be used to complete the acquisition, fund the construction costs to redevelop the property and cover transaction costs.
Luzzatto pre-leased the entire building to Sweetgreen for its new headquarters. The property most recently used as a Unified Grocer’s dairy facility for milk-bottling and distribution. The existing 57,000-square-foot, two-story building has a creative variance of ceiling height, natural lighting and open outdoor space.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


