BLT Enterprises has acquired seven industrial and creative office properties for $130 million.
The Santa Monica-based real estate investment firm purchased the assets — located in Los Angeles County, Orange County and San Diego County — last month. The acquisitions total nearly 270,000 square feet of buildings on more than 18 acres of land.
“Utilizing our seasoned team’s investment and market acumen, BLT saw the opportunity to expand our footprint in the Southern California markets where we actively own and manage creative office and industrial properties,” Lukas Huberman, BLT’s director of acquisitions, said in a statement. “Leveraging our deep experience and local relationships, we plan to implement our proven capital improvement strategies and hands-on management procedures across the assets to unlock long-term value and enhance operations.”
The outlook for creative office and industrial space remains strong…
