BURBANK, CA-GlobeSt.com exclusively learns that VisualData Media Services has completed its 30,276-square-footacquisition of 610 N. Hollywood Way here for $5.76 million. The newoffice space serves as the headquarters for the company, who willbe relocating from a 14,688-square-foot building, which has a listprice of $4.695 million.
Jones Lang LaSalle Los Angeles team membersCorey L. Spound and Brad Wilsonrepresented Visual Data Media Services in itsacquisition. The seller, 610 FTB LLC, wasrepresented by Chris Baer and JohnTronson of AvisonYoung. Mark Schillinger ofGeorge Smith Partners arranged the financing.
“After an extensive search and scenario modelling, Visual Dataselected this building due to its excellent location, intrinsicvalue, size—which suited their current and future growth needs—andoverall occupancy cost given current capital market opportunities,”Spound explains. “Our client intends to further capitalize theproperty significantly, which will add to the value of the assetfor its intended use and as a real estate investment.”
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