BURBANK, CA-GlobeSt.com exclusively learns that Visual Data Media Services has completed its 30,276-square-foot acquisition of 610 N. Hollywood Way here for $5.76 million. The new office space serves as the headquarters for the company, who will be relocating from a 14,688-square-foot building, which has a list price of $4.695 million.
Jones Lang LaSalle Los Angeles team members Corey L. Spound and Brad Wilson represented Visual Data Media Services in its acquisition. The seller, 610 FTB LLC, was represented by Chris Baer and John Tronson of Avison Young. Mark Schillinger of George Smith Partners arranged the financing.
“After an extensive search and scenario modelling, Visual Data selected this building due to its excellent location, intrinsic value, size—which suited their current and future growth needs—and overall occupancy cost given current capital market opportunities,” Spound explains. “Our client intends to further capitalize the property significantly, which will add to the value of the asset for its intended use and as a real estate investment.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
