Saturday, June 1, 2019

BLT Enterprises Diversifies Portfolio with Acquisition of Premier Hollywood Production Studio


Bernard Huberman
HOLLYWOOD, CA – A subsidiary of BLT Enterprises (BLT), a multi-faceted commercial real estate development and investment company, has acquired the Ben Kitay Stages.
The project includes four sound stages totaling approximately 34,000 square feet, with an in-demand market niche in the core of the Hollywood Media District according the Bernard Huberman, Founder and President of BLT Enterprises.

Sound Stage part of BLT's Ben Kitay Stages acquisition
 in Hollywood, CA

Located in the heart of Hollywood, the project features state-of-the-art amenities, including a permanent green screen and white cyclorama, fully equipped production offices, private dressing rooms, ample makeup and wardrobe rooms, full prep kitchens and private, drive-on capability and secure parking.

"The acquisition of these very successful sound stages is a natural evolution for BLT as we continue to expand and diversify our portfolio to encompass creative assets," says Huberman. "While smaller in scale, these full-service stages offer all the capabilities of larger production facilities and are in high demand."


Sound stage, part of Ben Kitay Stages inventory
With the continued popularity of streaming series, television production remains a major economic driver in California, contributing more than $6.88 billion to the state's economy in 2018, notes Huberman.

The sound stages have served as the location of several high-profile television shows and are frequently utilized by major entertainment and mass media companies. Additionally, they are regularly used to produce commercials and music videos.


Aaron Wilder
As part of the acquisition, BLT is establishing a new operating business, BLT Studios LLC. “Forming a new operating business was not in our original plan” says Huberman. 
“We originally looked at this acquisition as a pure real estate play; however, after rolling up our sleeves and learning about the exciting business of stage and equipment rentals, we quickly realized this was an opportunity we didn't want to pass up.”
BLT was represented in the acquisition by Aaron Wilder and Brad McCoy of Lee & Associates, West LA.

About BLT Enterprises
Brad McCoy
Headquartered in Santa Monica, California, BLT Enterprises was founded in 1984 and is a multi-faceted real estate development and investment company with an exceptional track record of success in industrial and commercial real estate. 

The firm has developed or acquired more than $2 billion in assets to date. 

            BLT Enterprises specializes in the acquisition, development, operation, and property management of industrial, office, retail, mixed-use and special-use properties.


CONTACTS:


Lisa James / Jenn Quader
Brower Group
(949) 438-6262


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