SANTA MONICA, CA-Longtime Westside broker Jim Jacobsen has formed a new firm called Industry Partners to specialize in representing landlords, tenants and developers, focusing on creative work environments and adaptive reuse projects in West Los Angeles. Jacobsen, the former co-president and partner of Lee & Associates/West Los Angeles, says he has designed the new firm so that it is “not going to be your father's real estate firm."

Jacobsen, who has been in the real estate industry for nearly 20 years, explains: "What will distinguish Industry Partners from other real estate brokerages will be our integrated team approach, that depending on the situation, may require us to act as more than brokers to fulfill a client need.” Regarding the Westside market, he comments, "There is an energy and edginess that is unique to the Westside as well as to those who work or want to be here, and Industry Partners will reflect that in the different ways we will tackle issues for the building owner, the tenant and the community."

From Left: Landrum, Jennison, Jacobsen, Rigsby

In addition to traditional brokerage services, the company—which recently acted as local operating partner for the Lionstone Group in the sale of a ground leasehold interest on 1800 Stewart St. in Santa Monica to bio tech firm Agensys—” may also team with its clients to acquire, redevelop or provide financing if needed on a project,” Jacobsen says in the announcement for his new company. Joining Jacobsen at Industry Partners are former Lee & Associates/West Los Angeles vice president Scott Rigsby, and former L.A. Realty Partners directors Andrew Jennison and Travis Landrum.

Jacobsen has closed some of the largest landlord transactions on the Westside including the sale of the 463,000 square-foot Lantana Media Center to Lionstone Group and the 400,000 square-foot "Post Office Building" in Playa Vista. His background in adaptive reuse includes the conversion of dozens of obsolete warehouses into studio and office space for the entertainment industry. He is also credited with eight of the 10 properties cited by the City of Santa Monica as exemplary models of quality, eco-friendly construction.

Rigsby, a top-ranked producer at Lee & Associates, was responsible for closing approximately one million square feet of creative office space transactions in West Los Angeles for such clients as Disney, 20th Century Fox, Miramax, Activision and Dreamworks. He also has expertise in the areas of development, design and space planning. Jennison specializes in all aspects of office leasing and investment sales, brings expertise in property valuations, lease analysis, strategic planning, cost reduction analysis and marketing. During his 11-year career in West Los Angeles, he has leased and sold over $900 million in transactions comprising over three million square feet of office space. In addition to L.A. Realty Partners, he was also previously with Colliers International.

Landrum represents tenants, landlords, and investors on all aspects of their real estate requirements. Previously, he was with Madison Realty Partners and CB Richard Ellis, where he worked in the Los Angeles Private Client group. During his six-year career in West Los Angeles he has completed more than one million square feet of lease and sale transactions with an aggregate value in excess of $150 million.