December 9, 2020
TypeDeal, Press Release
LocationLos Angeles, Los Angeles/San Francisco, San Francisco
Bridge Development Partners, owner of The BoxYard in Downtown Los Angeles, has added three new tenants to the roster of high-profile companies at the creative industrial campus following a $4 million renovation of the property completed earlier this year.
As retail trends continue to move online, The BoxYard is increasingly attracting companies with a digital, direct-to-consumer business model. The property combines the amenities of a Class A creative office with the ability to house multimedia and social media content production, as well as the function of more traditional industrial properties that allow for warehousing and fulfillment. The BoxYard is conveniently situated adjacent to the Los Angeles’ Arts District.
This new commercial category – creative industrial – is creating significant leasing interest at The BoxYard, which encompasses more than 260,000 square feet across 11 units. The three new tenants are:
“The leasing momentum and interest level from companies in a variety of sectors looking to utilize both the office and industrial aspects of the BoxYard to run their whole business has been very strong, even throughout the global pandemic,” said Kevin Finnegan, BRIDGE’s director of acquisition and leasing.
The new tenants join other top brands that are already occupying at The BoxYard, including Undefeated, a world-renowned boutique sneaker store and apparel brand founded in Los Angeles, The Berrics, a skate culture media brand built around a state-of-the-art indoor skatepark owned by skateboard professionals Steve Berra and Eric Koston, and Daily Look, an e-commerce based personal styling service and apparel subscription company focusing on high end women’s fashion. Each of these cutting-edge companies use their spaces at the BoxYard for unique combinations of office, social and digital content production, and warehousing and distribution.
“Much of the industrial space that has defined downtown Los Angeles for years is being redeveloped for residential, food/beverage, and office uses. We saw a strong opportunity to re-imagine what an industrial space could offer for some of L.A.’s most creative and innovative businesses seeking space downtown,” said Brian Wilson, Partner with Bridge Development Partners overseeing the West Coast. “Our vision has gained significant momentum as we welcome these incredible tenants to The BoxYard, and we are thrilled to offer this space as a truly creative hub in Los Angeles.”
Earlier this year, Bridge Development Partners completed an extensive overhaul of The BoxYard, which was built in 1988 as a purely industrial campus on 7.5 acres. Renovations include upgraded creative office finishes, such as new lighting and staircases, as well as enhanced warehouse finishes, such as new bright skylights, LED lighting and warehouse air circulation fans. Exterior improvements include new paint, enhanced wayfinding signage, upgraded landscaping, enhanced site lighting, a new entrance to the campus, refreshed parking areas and improved site security. Each suite includes 5,000 square feet of turn-key mezzanine office space and varying levels of first-floor office space ranging from 3,000-5,000 square feet. Each office space features upgraded finishes, new restrooms, a reception area, a conference room, and private offices. The warehouse area features clear heights of 24′, a rare find in downtown Los Angeles.
“It is incredibly unique to find a space in L.A. near the Arts District that allows us to bring together our front office staff, back-of-the-house operations and content creation under the same roof,” said Ryan Denman of The Berrics. “The ability to manage the brand and create content for our website and social media in the same space where we are fulfilling orders for our e-commerce store is an ideal setup that we could not find anywhere else, and provides great synergy for our operations.” The BoxYard is centrally located near downtown Los Angeles’ Arts District and a short drive from the new Soho House in the Arts District and LA’s best restaurants, including Bestia and Factory Kitchen.