Amid continued uncertainty about the future of the workplace, a specialty office project in southeast Los Angeles has received financing in the form of a $130 million construction loan.
Situated at 2233-2251 Jesse St. the project — dubbed Mission Campus — sits on 5 acres, counts the local firm Bell Design Group as its architect and is being developed by the Glendale, California-based East End Capital. The design centers around five soundstages and 150,000 square feet of offices. The project also encompasses the adaptive reuse of a 140,000-square-foot, two-story cold storage warehouse.
Additionally, the campus design includes post-production workspaces, 42-foot clear heights, loading docks, parking and outdoor spaces. In all, the 250,000-square-foot development has been valued at a total of $230 million.
The financing of the $130 million loan was arranged by a CBRE Debt and Structured Finance team to be used toward the development of Mission Campus, as reported earlier by the Los Angeles Business Journal. East End Studios acquired the property in 2021 for $43 million from Hager Pacific Properties.
The project is 2 miles from downtown Los Angeles and 1 mile from East End’s ADLA Campus, an $800 million, Grimshaw-designed project slated for completion in 2026
Author Credit: CoStar Research