“LA Confidential” studio lot sells for $20M

Animation studio Buck Design nabbed the 90K sf Columbia Mills complex

Columbia Mills at 2626 Lacy St. (credit: LoopNet)
Columbia Mills at 2626 Lacy St. (credit: LoopNet)

Remember dear readers, you heard it here first, off the record, on the QT, and very hush-hush. — Sid Hudgens, “L.A. Confidential”

Updated Wednesday, August 23, 2017 at 4:02 p.m.: The Lincoln Heights property — where notable movies such as “LA Confidential” and “Dead Presidents” have been filmed — sold to production firm Buck Design for $20 million in a deal that closed Tuesday, sources (on the hush-hush) told The Real Deal.

The nine-building, 90,000-square-foot property at 2626 Lacy Street, across the street from the Lincoln/Cypress Metro Station, was home to Lacy Street Production Center for more than 35 years.

The complex sits on 2 acres of land. The seller was Don Randles, via a family trust, according to property records.

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Morgan McMullin of Partners Trust Commercial, Chris Thompson, Clark Everitt and William Everitt of Investment Real Estate Associates had the listing. Jack Cline of Lee & Associates represented the buyer, according to sources. McMullin and Cline could not be reached for comment.

Columbia Mills is located within the Cornfield Arroyo Seco Specific Plan (CASP), which sets the planning guidelines through 2035. CASP was adopted in 2012 and does not mandate parking requirements — making it the first in the city to fully exclude them.

“Catch Me If You Can,” “Seabiscuit,” “Saw,” “Cagney & Lacey” and “The Addams Family” were also filmed on the site.