BLT Enterprises secures 10-year lease with BMW Designworks at Santa Monica, CA office building

 Lisa Tamayo

 SANTA MONICA, CA, Dec. 21, 2022 – BLT Enterprises, a multi-faceted real estate investment company, has successfully secured the long-term, 10-year lease of its 16,500 square-foot creative office building in the Santa Monica submarket of Los Angeles County, and announces the completion of the building’s creative office conversion project.

The tenant, Designworks—the design innovation studio for the BMW Group—has relocated its U.S. headquarters in response to the evolving demands of today’s work-life balance.

 

Robert (Rob) Solomon

“To meet the steady call for creative-office space in the thriving Santa Monica market, BLT recognizes the importance of staying ahead of trends and anticipating the wants of current and future tenants—an approach that ensures our assets consistently provide long-term value,” says Rob Solomon, President and Chief Legal Officer at BLT Enterprises.

Brad McCoy

 “The property attracted healthy tenant interest based on its prime location, size, and adaptability to conversion for creative users. 

"Our team worked closely with Designworks to successfully negotiate suitable lease terms to meet their changing needs and deliver value for years to come.”

 According to Lisa Tamayo, Vice President of Development at BLT Enterprises, BLT specializes in acquiring, renovating, and transforming existing industrial, office, and flex buildings into assets that appeal to today’s tenants.

 “We utilize our depth of experience to aid our tenant partners in strategically customizing environments that not only meet the highest level of industry standards, but also provide the opportunity to evolve and expand to meet future business requirements,” continues Tamayo.

 The property is located at 1601 Olympic Boulevard in Santa Monica California.

 Brad McCoy and David Wilson of Lee and Associates represented BLT as the lessor in the transaction

  CONTACTS: 

 

Hanna Kokuashvili/Elisabeth Manville

The Smart Agency, Inc.

(949) 438-6262

hkokuashvili@thesmartagency.com