ARTISAN VENTURES AND AN AFFILIATE OF WALTON STREET CAPITAL ACQUIRE SOCAL 2-PACK INFILL INDUSTRIAL PORTFOLIO AND ANNOUNCE THE FORMATION OF A $150M+ INDUSTRIAL INVESTMENT PARTNERSHIP

10907 Painter Avenue

Santa Monica, CA, August 22, 2023 – Artisan Ventures (“Artisan”) and an affiliate of Walton Street Capital, L.L.C. (“Walton Street”) announced that they have acquired a portfolio known as the “SoCal 2-Pack” consisting of two light industrial assets located in Santa Fe Springs and Brea totaling 159,492 RSF.

The two assets, 10907 Painter Avenue and 331 Cliffwood Park Street, are strategically located less than 20 miles from the Long Beach/San Pedro port complex and have easy access to several freeways (less than 2 miles to the

I-5 and 0.5 miles to California Route 57). The assets are 88% leased with 3.2 years of weighted average lease term (WALT) remaining and can offer tenants 22' - 24' clear heights and ample loading.

The recently formed partnership is seeking to invest a series of funds of at least $75m of equity each to acquire similar infill value-add light industrial assets within 20 miles from the ports of Los Angeles.

"We are excited about the recent formation of our SoCal Infill Industrial Platform with our long-time partners at Walton Street. This transaction represents Artisan’s first investment in the industrial asset class and serves as the anchor investment in our strategic program built around port-proximate, infill industrial investment in Southern California. The investment illustrates our strong conviction in the continued strength and resilience of the nation’s top industrial submarket buoyed by high barriers to entry and limited supply. We look forward to expanding upon our partnership with Walton Street in seeking to acquire additional infill logistics properties," said Collin Komae, Co-Founder and Managing Partner at Artisan Ventures.

331 Cliffwood Park Avenue

About Artisan Ventures: Artisan Ventures is a privately-held Southern California based real estate investment and operating company known for its unique ability to balance institutional-caliber investment expertise with a nimble, entrepreneurial approach to driving maximum value for its investors. The firm invests in core-plus, value-add and opportunistic industrial, office, residential, soundstage/studio, and mixed-use assets in select submarkets within Southern California. The principals have an extensive track record of creating value through the acquisition, development, redevelopment, and asset management of over 12.4 million square feet of properties representing over $5.0 billion of transaction value.

About Walton Street Capital, L.L.C.: Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $15 billion of capital commitments. The principals have collectively acquired, financed, managed, and sold over $55 billion of real estate and have an average of 22 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate Walton Street’s owners, operators, brokers, managers, and industry service providers.

Five-story, 94,000SF office building planned in El Segundo The project would replace a parking lot at 1950 E. Grand Avenue

A surface parking lot located just east of Pacific Coast Highway in El Segundo is primed for redevelopment, per an initial study published in June by the city's Planning Division.

View looking southeast from Grand AvenueWare Malcomb

Artisan Realty Advisors, which owns the PCT office towers at Pacific Coast Highway and Grand Avenue, is seeking city approvals to redevelop a surface parking lot on the east side of the complex. The proposed project at 1950-1960 E. Grand Avenue calls for the construction of a new five-story building fronting Grand Avenue, featuring nearly 94,000 square feet of office space, as well as a four-level, 258-car parking structure and a 23-space surface lot.

Ware Malcomb is designing the building, which is described as having a contemporary design and an exterior of concrete and glass on all facades, accented with wood-look aluminum. Plans call for folding door systems, allowing the offices within the building to open onto a series of small patios and terraces. A landscaped plaza with seating, shade, and fireplaces would serve as a central gathering space for the property, replacing an existing garden area which

Pending approvals by the City of El Segundo, construction of the new office complex is expected to occur over a roughly 17-and-a-half-month period.

View looking outdoor deck looking northwestWare Malcomb

The project joins a handful of large office developments now in the works on the blocks flanking Pacific Coast Highway, including the new Standard Works Campus and the 243,000-square-foot Catalyst complex.

Artisan, in addition to the El Segundo offices, is also behind plans for a high-rise apartment tower at 6350 Selma Avenue in Hollywood.

Starwood, Artisan Pay $133M [corrected] for El Segundo Building

Post Courtesy of The Real Deal Los Angeles:

Seller Brookfield bought 1960 East Grand Ave. in 2017 for $67M

TRD LOS ANGELES /February 20, 2020 04:40 PM

By Matthew Blake

1960 East Grand Avenue, now owned by Starwood Capital Group and Artisan Realty Advisors, who have been very active in El Segundo

A partnership between Starwood Capital Group and Artisan Realty Advisors paid $132.65 million [corrected] to purchase an El Segundo office building from an entity associated with Brookfield Asset Management, The Real Deal has learned. The deal netted a tidy profit for Brookfield, which bought the 12-story, 260,000-square foot office building at 1960 East Grand Avenue in 2017 for about $67 million [allocated] through Brookfield Premier Real Estate Partners, according to CompStak. Tenants at the property include Target. JLL’s Andrew Harper and Tom Bohlinger brokered the deal along with Bill Bloodgood of Newmark Knight Frank, who confirmed the transaction to TRD. Starwood and Artisan were represented in-house, Bloodgood said. The price pencils out to about $506 per square foot [corrected]. The sale marks another major El Segundo buy by the Starwood-Artisan duo, with the partners paying $611 million [corrected] in 2017 for the 1.6 million-square-foot Pacific Corporate Towers at 100 S. Sepulveda Blvd. from BlackRock and General Motors Pension Trust. That same year, Starwood, headquarted in Miami Beach, Florida, and Artisan, headquartered in Santa Monica, also paid DivCo West $175 million [corrected] for a tower at the intersection at Continental Blvd. and Grand Ave. “El Segundo is an extremely favorable business climate,” Bloodgood said. “There is executive housing nearby in Manhattan and Hermosa Beach, and there’s no gross receipt tax for businesses.” El Segundo also surrounds LAX: The 1960 East Grand Ave. property is a two-mile drive from the airport.

Rockwood And Artisan Make Another NoHo Office Play

Post Courtesy of The Real Deal Los Angeles:

The duo paid $30M for a nearly fully leased property on Lankershim Boulevard, after buying Academy Tower a mile away

TRD LOS ANGELES /November 08, 2019 02:00 PM

By Pat Maio

A joint venture of Rockwood Capital and Artisan Realty Partners teamed up to buy another North Hollywood office complex from Swift Real Estate Partners. For the latest deal, the duo paid $30 million for 4640 Lankershim Boulevard in the NoHo Arts District. That works out to $406 per square foot for the 74,000-square-foot building that is nearly fully leased. Tenants include marketing and entertainment firm Herzog & Co., and Hollywood Home Health Services. Kevin Shannon and his team at Newmark Knight Frank represented Swift and announced the deal for the 37-year-old building. North Hollywood, along with Burbank and Hollywood have experienced “tremendous rental rate acceleration,” Shannon said in a statement. This is the second complex that Rockwood Capital and Artisan Realty have bought from the San Francisco-based Swift in the last two months. In August 2019, they paid $91.25 million [corrected] for Academy Tower, about a mile away at 5200 Lankershim Boulevard. That deal penciled out to $497 per square foot [corrected] for the two-building, 184,000-square-foot property [corrected]. That made it one of the priciest real estate deals in NoHo.Office properties in North Hollywood have been in high demand in recent months. In May, New York Life Real Estate Investors paid $102.5 million for 5161 Lankershim Boulevard. Boston-based Beacon Capital Partners sold the 205,000-square-foot building.

Trendy Hollywood Retail Spot Sells For $61M

Post courtesy of Bisnow:

Space 15 Twenty, a two-building, 40K SF retail property in the trendy Cahuenga Corridor in Hollywood, sold in a $61M deal. Santa Monica-based real estate investment company Artisan Realty Advisors has purchased the 71K SF property at 1520, 1534, 1538 and 1542 North Cahuenga Blvd. and 1535 Ivar Ave. from Cahuenga Lofts LLC and Ivar Group LLC. Lee & Associates’ Cory Stehr represented the sellers. Industry Partners’ Trevor Belden and Bryan Carnes represented Artisan Realty. “My clients have owned the property since 2006, and it is such a unique property with high visibility and strong branding that it generated quite a few off-market offers over the years,” Stehr said in a news release. “Once my clients decided it was time to redeploy capital and diversify their investment portfolio, they got interest from a handful of highly qualified, local and national companies.” Built in the mid-1920s and renovated in 2006, the property has six retailers, including anchor Urban Outfitters, Umami Burger, apparel boutique Free People and skate shop Pharmacy Boardshop. The Hollywood submarket is undergoing a renaissance with several high-profile projects lined up. The retail property is between Sunset and Hollywood boulevards and will benefit from the office, mixed-use and residential development underway, according to Lee & Associates. “The Hollywood trade area and demographics lay the groundwork for many different opportunities, and Artisan will be exploring a number of options for this property,” Stehr said.

Artisan Realty Advisors and Starwood Capital Group announce 1.6m SF Office Campus in El Segundo, CA

PCT (formerly known as Pacific Corporate Towers) is an iconic, three tower office campus totaling 1.6 million square feet on 11.75 acres in El Segundo, California.  Prominently located on Sepulveda Boulevard between El Segundo and Grand Boulevards, this award-winning project's scale presents the unique opportunity to offer tenants a best-in-class workplace environment complete with a distinguished amenity package including on-site fitness and basketball court, two restaurants, and shared conferencing facilities for both small and large scale private events as well as outdoor meeting areas throughout.  In the near future, Artisan Realty Advisors will commence an improvement plan to modernize and renovate over 40 elevators throughout the campus, enhance common area lobbies, restrooms, corridors and outdoor spaces, and elevate the quality of the existing amenity base and community events in order to further solidify PCT's place as the home to Los Angeles' and the South Bay's most discerning companies.

About Artisan Realty Advisors
Artisan Realty Advisors is a privately-held Southern California based real estate investment and operating company. The firm invests in core-plus, value-add and opportunistic office and mixed-use assets in select submarkets within Los Angeles, Orange County and San Diego. The Principals have an extensive track record of creating value through the acquisition, development, redevelopment and asset management of over 10.0 million square feet of office properties representing over $4.2 billion of transaction value. For more information, please visit www.artisanra.com.

Artisan Realty Advisors teams up with Starwood Capital Group to acquire Continental+Grand

Artisan Realty Advisors is pleased to announce the acquisition of Continental + Grand, a 490,000 square foot mid-rise creative office campus located on 8.7 acres of land in El Segundo, the South Bay’s premier business district.  The acquisition was made in partnership with Starwood Capital Group, one of the largest real estate private equity firms in the world.  Known for its concentration of aerospace and defense companies in past cycles, the new El Segundo market has seen an influx of entertainment, media, advertising, apparel and technology companies attracted by the area's burgeoning amenity base, central location, and proximity to high-quality schools and housing in the Beach Cities.   Continental + Grand is able to offer today's high-density users ample parking ratios as well as a short walk to the Metro Green and Crenshaw light rail lines connecting to Downtown and West LA.  Artisan Realty Advisors is in the planning stages of an extensive renovation which will enhance the campus' amenity offerings including an expanded and renovated fitness center, further activation of the central courtyard through the addition of a tenant lounge and an improved cafe, creation of shared conferencing facilities, and upgrades to the elevators, lobbies, restrooms and corridors.

About Artisan Realty Advisors
Artisan Realty Advisors is a privately-held Southern California based real estate investment and operating company. The firm invests in core-plus, value-add and opportunistic office and mixed-use assets in select submarkets within Los Angeles, Orange County and San Diego. The Principals have an extensive track record of creating value through the acquisition, development, redevelopment and asset management of over 8.5 million square feet of office properties representing over $3.6 billion of transaction value. For more information, please visit www.artisanra.com.

Artisan Realty Advisors and Brightstone buy Lantana Media Campus

Artisan Realty Advisors and Brightstone Capital Partners, a global real estate investment management platform, have formed a joint venture to acquire Lantana Media Campus in Santa Monica, CA, a four-building office campus totaling 478,713 square feet on approximately 12 acres.

The Class A property is located within the Santa Monica Media District in the heart of “Silicon Beach,” the area’s premier hub for entertainment, media, technology and advertising companies. Conveniently located along the recently completed Metro Expo Line, Lantana Media Campus offers a variety of building types suited to both large and small tenants, particularly those seeking a unique “creative office” campus environment.

“Santa Monica’s strategic location and amenity-rich environment make the area one of the top submarkets in Southern California,” stated Dennis Irvin, Douglas Lee and John Rivard, Managing Directors of Brightstone Capital Partners. “It is one of the most supply constrained markets in the country, making the acquisition of Lantana Media Campus an extraordinary opportunity for Brightstone and one that is consistent with our model of acquiring unique, high quality assets in advance of offering interests to our investors.”

The new ownership will embark on a comprehensive, multi-million dollar renovation program, ensuring that Lantana will meet the standards of even the most discerning creative companies. Planned upgrades to the property include fresh, contemporary approaches to the lobbies, elevators and restrooms, as well as new enhancements designed to activate and energize interior private courtyards and the addition of a robust, on-site amenity package.

“As the new stewards of this appealing property, our goal is to create a world-class media campus in Santa Monica,” said Mark Laderman and Collin Komae, Co-Founding Partners of Artisan Realty Advisors. “Today’s top creative people seek a work environment that maximizes the potential for collaboration and is also highly amenitized. We are confident that Lantana will increasingly be their new location of choice.”

Los Angeles-based Mesa West Capital provided the acquisition financing, with a portion of the loan proceeds to be used for capital improvements and leasing costs. Steve Fried and Jason Bressler represented Mesa West.

About Brightstone Capital Partners
Headquartered in New York, Brightstone Capital Partners is a global commercial real estate investment management platform established in partnership with Vanke, one of the world’s largest real estate development and services companies. Financial commitments from the firm’s founding partners enable Brightstone to create investment solutions with flexible, transparent structures and ownership that is aligned with investors. Brightstone Capital Partners is the sole owner and corporate parent of Brightstone Investment Advisors, an SEC registered investment advisor.* For more information, please visit www.brightstonecap.com.

* Any reference to Brightstone as an SEC registered investment advisor does not imply a certain level of skill or training.

About Artisan Realty Advisors
Artisan Realty Advisors is a privately-held Southern California based real estate investment and operating company. The firm invests in core-plus, value-add and opportunistic office and mixed-use assets in select submarkets within Los Angeles, Orange County and San Diego. The Principals have an extensive track record of creating value through the acquisition, development, redevelopment and asset management of over 8.0 million square feet of office properties representing over $3.4 billion of transaction value. For more information, please visit www.artisanra.com.

Announcing Artisan Realty Advisors!

We are pleased to announce the formation of Artisan Realty Advisors, a privately-held Southern California based real estate investment and operating company.  The firm will target core-plus, value-add and opportunistic office properties is key submarkets within Los Angeles, Orange County and San Diego.  The Principals of Artisan Realty Advisors have a long track record in these markets having acquired, developed, re-developed and managed over 7.5 million square feet of office buildings totaling over $3.0 billion in transaction value.  The company and its investors will seek opportunities where value can be created by the appropriate combination of capital and real estate operational expertise.  The Principals of the firm have been the driving force behind some of the largest and most impressive work environments in Southern California.

Sincerely,

Mark R. Laderman, Managing Partner

Collin R. Komae, Partner