BLT Enterprises Spends $64 Mil on Hollywood Campus Property
BLT Enterprises has acquired Television Center, a nearly 200k sf, creative office and production campus situated on 6.4 acres in the heart of Hollywood, in a $64 mil transaction. The movie studio asset was previously home to Metro Pictures and a division of Technicolor.
For BLT, the acquisition of this 6.4-acre property boosts the firm’s Hollywood portfolio to over 250k sf of office, production and studio space, including four soundstages. At present, tenants at the property include media, technology and entertainment firms, along with a Gold’s Gym.
The asset is bounded by five iconic streets –Santa Monica Boulevard, Cahuenga Boulevard, Willoughby Avenue, Cole Avenue, and Romaine Street.