The Foundry
Currently managedFund: AREUS I
Strategy: Value Add
Submarket: Los Angeles, CA
Square footage: 4.900mq
Acquisition: Q4-21
Six-building campus located in Burbank, in the San Fernando Valley.
The city of Burbank is considered the “media capital of the world” due to its strong concentration of entertainment and media companies, including Warner Bros, The Walt Disney Company, DreamWorks and Nickelodeon Animation Studios, along with over 700 other companies in the same industry. The property is also located approximately one mile from Burbank Airport.
Given its excellent state of manteinance, no special renovation work was required to attract media and/or technology companies. The property is multi-tenanted, and boasts a listed on the stock exchange entertainment company among its tenants.