The Luzzatto Company has secured $32.4 million in C-PACE financing for Depot & Atlas, a 107,156-square-foot, class A creative office campus in the West Adams submarket of Los Angeles.
JLL worked on behalf of the borrower to secure the $32.4 million in C-PACE capital through Nuveen Green Capital, a provider of sustainable commercial real estate financing solutions.
Depot & Atlas, located at 3609-3645 10th Ave., consists of two class A creative office buildings with two stories of valuable subterranean parking situated on 1.3 acres at the corner of Exposition Boulevard and 10th Ave. The campus benefits from exceptional transit connectivity, being adjacent to the Exposition/Crenshaw light rail station that connects Santa Monica and Culver City, Calif., with downtown Los Angeles.
The Luzzatto Company acquired the property off-market in late 2019, drawn to its transit-oriented location within an opportunity zone. The developer completed Depot, a 94,726-square
