bLAckwelder Creative CampusCreative Office & Adaptive Reuse
3101-3143 S. La Cienega Blvd., Los Angeles, CA 90016
bLAckwelder is comprised of 25 existing light industrial buildings originally constructed in the 1950’s. The project was repositioned as a collection of creative office buildings and designed to meet LEED criteria for certification. bLAckwelder is located at the intersection of La Cienega Blvd. and Fairfax Ave, and is proximate to the MTA’s La Cienega Metro Station.
The project was structured as a joint venture between Genton Cockrum Partners and an institutional investor. The $70 million project was acquired, entitled, constructed, managed, and owned by Genton Cockrum Partners. Upon stabilization Lincoln Property Group was retained as the property manager.
The bLAckwelder investment thesis was to capitalize on current demand for creative office space from entertainment, media and technology firms in the burgeoning West Los Angeles-Culver City market. Many of the original, historic features of the light industrial buildings were retained for authenticity. In addition, the creative office campus setting is unique and has been a competitive advantage to attract new tenants.