New York-based East End Capital has purchased for $240M a 15-acre site in LA's downtown Arts District where it plans to build a studio complex including 17 soundstages and up to 400K SF of office and support space.
East End bought the property, including two warehouses at 1338 E. 6th St. and 1321 Wholesale St., from a group that includes MSD Capital, Access Industrial Management and Irvine-based developer Sun Cal.
According to a report posted on East End's website, Oxford Properties Group provided a $160M loan to facilitate the purchase.
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