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Red Light Management Leases 26382 Square Feet At 5800 Bristol Pkwy Culver City From IDS Real Estate Group

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LEASED
Darren Eades
Alex Hayden
+ 11

California

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Office26,382 SF
Leased 09/21/2017
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Property Image
LEASED

Red Light Management Leases 26382 Square Feet At 5800 Bristol Pkwy Culver City From IDS Real Estate Group

5800 Bristol Pkwy, Culver City, CA, 90...

See Similar Deals
Office26,382 SF
Leased 09/21/2017
Darren Eades
Alex Hayden
+ 11
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:26,382 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 5800 Bristol Parkway, Culver City, CA. Red Light Management has signed a lease for 26,382 square feet within the C3 at Culver Pointe, a 282,951-square-foot seven-story vertical creative office campus. The lease underscores the growing market presence in Culver City.

Summary of transation details:

The lease marks a significant move for Red Light Management, an established international music management company known for managing high-profile artists. The landlord, IDS Real Estate Group, is involved in a joint venture with a fund managed by PNC Realty Investors for the development of the C3 building. The campus is designed by Gensler and includes various amenities such as a private fitness center and outdoor recreational facilities.

Players

Darren Eades
3 deals$389.3M volume
BROKER

Carl Muhlstein
Muhlstein CRE
4 deals$50M volume
BROKER

Alex Hayden
CBRE
2 deals$12M volume(949) 725-8585
BROKER












LANDLORD

Details

LEASED
IMAGE: 5800 Bristol Pkwy, Culver City, CA, 90... MARKET: Culver City TENANT'S REP: Jennifer Frisk(Newmark Knight Frank) TENANT: Red Light Management LANDLORD: IDS Real Estate Group SQUARE FEET: 26382

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Deal Type
Effective Rent (Annual)

$1,512,200.32

Total Lease Value

$15,122,003.20

Net Landlord Cash Flow$1,512,200.32