Luzzatto Co. Receives $54.7M Construction Loan for Creative Office Development in Los Angeles
LOS ANGELES — The Luzzatto Co. has received a total of $54.7 million in construction financing for the development of The Depot, a 1.5-acre creative office campus in the West Adams market of Los Angeles.
JLL Capital Markets secured a $28 million senior loan through Bank OZK and a $26.7 million mezzanine loan through Related Fund Management. Paul Brindley, Jeff Sause and Spencer Richley of JLL Capital Markets represented Luzzatto in the financing.
Upon completion, The Depot will feature 107,199 square feet of creative office space, three levels of outdoor space totaling more than 20,000 square feet, a 225-space subterranean parking garage, 15-foot ceiling heights and steel-and-glass construction with 30-foot bays.