Iconic Film Studio Sells to make Creative Office Space
The historic Columbia Mills Factory that has served as the site for Lacy Street Studios has sold to the expanding Buck Design for their Los Angeles headquarters for $20,000,000. The 9 building site at 2626 Lacy St will be turned into a creative office campus with Buck Design as its major tenant.
The deal is a record-breaking sale for Lincoln Heights at $222 per square foot.
In the 35 years as Lacy Street Studios, the iconic site has been used for countless productions, serving as a location for Catch Me If You Can, Seabiscuit, Cagney and Lacy, Saw and L.A. Confidential.
Senior Partner Chris Thompson and Partners Clark Everitt and William Everitt of Investment Real Estate Associates (“IREA”) teamed up with Morgan McMullin, SVP at Partners Trust Commercial to broker the deal.
Maximizing public transportation hubs, Columbia Mills is at one of the most accessible locations in all of LA, at the intersection of the 5 and 110, across the street from the Lincoln/Cypress Metro Station along the Gold Line.