CREATIVE OFFICE PROJECT ELEMENT L.A. RECEIVES $65M CONSTRUCTION LOAN
LOS ANGELES — Element L.A., a 12-acre creative office project in West Los Angeles, has received a $65-million construction loan. The $150-million campus will be located at 1861, 1901, 1925 and 1933 South Bundy Drive and 12333 West Olympic Blvd. It will incorporate the five existing buildings on this site, which are all set to undergo renovations.
In keeping with the creative office tradition, Element L.A. will feature high ceilings, skylights and large windows, as well as outdoor patios, a bike shop, café, and a volleyball and basketball court.American video game publisher Riot Games has recently signed a lease for 284,000 square feet of space at the campus.
The project will be developed by Hudson Pacific Properties. The construction loan was provided by U.S. Bank. Hudson was represented by Eric Shelby and Tony Natsis of Allen Matkins in the lease transaction. Riot Games was represented by Jordan Fishman and Rob Plotkowski of Advisors LLP.