SANTA MONICA, CA-Creative office real estate services firm Industry Partners has acquired from Hammer Plumbing a 5,000-square-foot industrial building and adjacent vacant lot on Euclid Street in Santa Monica's Media District for $3.85 million.
Industry Partners is undertaking a multimillion-dollar renovation of the existing building for its own use. Industry Partners has a particular expertise in identifying and re-imagining obsolete industrial and commercial office properties for use by companies in technology, media, entertainment and advertising. Industry Partners' development affiliate Industry LTD will oversee the transformation of the building into a creative office environment that will be shared by the entrepreneurial real estate services firm and commercial television production house Superstudio.
Industry Partners has relocated to the building at 1645 Euclid from the Lantana Entertainment and Media Campus in Santa Monica and will occupy the space during renovation.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
