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The Luzzatto Co. receives $55m in construction financing for L.A. creative office project
Transactions - MAY 25, 2021

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The Luzzatto Co. receives $55m in construction financing for L.A. creative office project

by Released

The Luzzatto Co. has plans to develop The Depot, a 107,199-square-foot, 1.5-acre creative office campus in the West Adams micro market of Los Angeles.

The company received senior and mezzanine construction financing totaling $54.73 million for the development.

Upon completion, The Depot will offer a premier stand-alone creative office campus with 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.

The Depot is located two blocks from the intersection of the city’s two major transit lines, the Blue Line and the Crenshaw/LAX line. The Depot is also part of a qualified opportunity zone.

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