East End Buys 15-Acre LA Studio Site for $240M
The company will build an Arts District studio with 17 soundstages and 400K SF of office space.
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.
The property is located about a mile from a site on Jesse Street that East End is converting from a cold storage facility into a 237K SF film-production complex with four soundstages.
East End has three other studio projects under development, including a project in Glendale involving the expansion of an existing production studio and the construction of a 410SF production complex on San Fernando Road.
In October, a partnership including East End, investment firm King Street, an unnamed sovereign wealth fund and Canadian pension fund Alberta Investment Management Corp announced that it would acquire and develop up to 750K SF of production space in Los Angeles.
Development continues to expand in LA’s thriving Arts District, a federally designated Opportunity Zone which used to be a seedy neighborhood full of old warehouses.
LA-based Legendary Group is planning to build a 17-story, 350K SF Class A speculative building for creative offices on South Hewitt St. The project, named Above, will include 311K SF of office space in 12 floors and 22K of ground-floor production space, as well as space for retail and/or food and beverage facilities, GlobeSt.com reported.
Construction on Above will start next year and is scheduled to be completed in early 2026. Leasing will be handled by Cushman & Wakefield.
According to C&W, the building will be tailored for multiple, high-clear spaces in the ground floor production area and throughout the floors in the building, citing tremendous demand throughout the Arts District for space with the volume to support creative tenants.
“Of the 4 million square feet of new inquiries we’ve seen over the last 12 months in the Arts District, more than 25% of these requirements have included a need for high-clear space, and Above has been designed to meet the demands of the market,” C&W’s Brittany Winn said, in a statement.