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Local company acquires Kodak Hollywood Campus
Irvine-based Thompson National Properties now owns the two-building campus that serves the movie industry.
By Kristen SchottPublished: January 06, 2009 10:06 AM
Thompson National Properties, a real estate investment company, recently purchased the Kodak Hollywood Campus for $31.4 million. It consists of two buildings with office and production facilities that total 102,800 square feet.
The center sits on close to 3 acres and is leased fully to Eastman Kodak, which has been at the location for 23 years and has invested more than $10 million into the campus to modernize them.
"The Kodak purchase is an example of TNP's commitment to provide our investors with opportunities to profit from current market conditions," says Steve Corea, senior vice president of acquisitions at the company.
The 83,950-square-foot three-story office and production facility is at 1017 N. Las Palmas Ave. It includes screening rooms, editing bays, recording studios, cabling and infrastructure. The 18,850-square-foot two-story office building at 6700 Santa Monica Blvd. was built in 1928, renovated in 1985 and expanded in 1987.
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The center sits on close to 3 acres and is leased fully to Eastman Kodak, which has been at the location for 23 years and has invested more than $10 million into the campus to modernize them. "The Kodak purchase is an example of TNP's commitment to provide our investors with opportunities to profit from current market conditions," says Steve Corea, senior vice president of acquisitions at the company. The 83,950-square-foot three-story office and production facility is at 1017 N. Las Palmas Ave. It includes screening rooms, editing bays, recording studios, cabling and infrastructure. The 18,850-square-foot two-story office building at 6700 Santa Monica Blvd. was built in 1928, renovated in 1985 and expanded in 1987. Related headlines TechSpace adds GrindTV as new tenant BaccHus sells final building in office park |
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