BLT Enterprises Acquires 16,500-SF Building in Santa Monica, CA for Creative Office Property

Bernard Huberman

LOS ANGELES, CA – BLT Enterprises (BLT), a multi-faceted commercial real estate development and investment company, has purchased a 16,500 square-foot industrial building at 1601 Olympic Boulevard in Santa Monica, California. BLT is planning to convert the building into a creative-office property.

1601 Olympic Boulevard is situated on approximately 26,000 square feet of land in the Santa Monica submarket of Los Angeles, within walking distance of the expo line, Santa Monica City College, and numerous well-known media and entertainment companies.

The property’s size lends itself to an innovative conversion for creative users in the Santa Monica market, according to Bernard Huberman, Founder and President of BLT Enterprises.

Brad McCoy

“This acquisition, which happens to be located across the street from our company’s headquarters, aligns with our firm’s strategy of purchasing well-located but underutilized assets and redeveloping or converting them into modern properties that better serve the business community,” says Huberman.

 “Creative-office tenants are seeking space in the thriving Santa Monica market that offer amenities to help them attract and retain the best talent, and we are experts in providing this space.”

BLT was represented in the 1601 Olympic Boulevard sales transaction by Brad McCoy and David Wilson of Lee & Associates. The seller was represented by Bob Dubbins of Lee & Associates.

 Demand for creative office space continues to be high inWest Los Angeles, with the presence of technology giants including Google, Amazon, Facebook and Apple.

Bob Dubbins

These heavy hitters attract workers who demand workspaces that consistently evolve to accommodate their changing needs.

According to Huberman, flexibility and creative thinking are key elements to BLT's approach.

"Staying ahead of trends and anticipating the needs of current and future tenants ensures that these assets deliver exceptional long-term value to all parties," he says.

BLT has experience with a variety of out-of-the-box acquisitions and conversions in the Greater L.A. market. The firm recently acquired a four-stage studio lot in the core of the Hollywood Media District, according to Huberman.

The studio lot has been rebranded as BLT Studios and continues to serve production clients throughout the area.

David Wilson

Earlier this year, BLT completed the transformation of a former manufacturing facility in West Los Angeles into a 27,000-square-foot, state-of-the-art creative office space through which the company introduced a new concept in design: neighborhoods within the building that balance open collaborative space with private offices in a format that is customized to meet the organizational needs of each tenant.

About BLT Enterprises

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.

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Lisa James / Jenn Quader

Brower Group

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