JLL Capital Markets says it has arranged $48.7 million in construction financing to The Luzzatto Co. for Exposition 3, a creative office property in Los Angeles’ West Adams submarket. HLW International is designing the two-building, 94,082 sq. ft. project.
The property occupies a 2-acre parcel at 3101 W. Exposition Blvd., Commercial Property Executive has reported.
The existing structure served as a dairy plant and distribution center for Unified Grocers. The owner has tapped HLW International to design the creative office campus, which will see the conversion of the industrial facility and the addition of a new eco-friendly building Once completed, the property will serve as the new headquarters for Sweetgreen, a food company which signed a long-term lease for the building in 2019.