Glendale is becoming one of L.A.'s coveted creative office markets. In L.A., the words creative office make you think of 24/7 live-work-play markets like Hollywood, Downtown Los Angeles and Playa Vista. Now, Glendale is slowly joining the ranks with great walkability and amenities. In fact, a joint venture between Lincoln Property Company and Morgan Stanley sold a creative office property in Glendale to Credit Suisse for $59 million. NFK's west coast president Kevin Shannon represented the seller in the deal, along with senior managing director Rob Hannan, and managing director Michael Moll. We thought it was the perfect opportunity to catch up with Shannon about the burgeoning creative office market in Glendale, and where it is heading.
GlobeSt.com: Creative office is known to dominate in Westside markets and Hollywood, but what is the prevalence of creative office in Glendale?
Kevin Shannon: Hollywood and Downtown LA are markets that have a rapid influx of 24/7 mixed-use, retail, office and multifamily developments occurring and continuing to occur. Glendale is a city that also continues to evolve into an increasingly vibrant and more popular 24/7 city. You don't hear about Glendale as much, and its development scale isn't as massive, but the city's evolution is occurring and it's clearly becoming much cooler.
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