LOS ANGELES—A joint venture between Alcion Ventures and Genton Property Group has secured a $40.1 million bridge and construction loan to complete the redevelopment of bLAckwelder, a 150,627-square-foot creative office campus. The funds will be used to complete redevelopment of six remaining buildings on the 19-building campus.

Located at La Cienega Boulevard and Fairfax Avenue, the property was originally an industrial facility. The joint venture has already completed the renovation of 13 buildings to creative office space. In addition to redevelopment, the funds will also be used to demolish and rebuild one of the six remaining buildings. The completed buildings are 100% leased to multiple tenants.

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