 |
| 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.
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.
 |
| Aaron Wilder |
“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 |
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
No comments:
Post a Comment