Red Light Management to relocate from WeHo to Culver City
Music management company signed 26K sf lease at C3 at Culver Pointe
Culver City is having a good week.
Hot on the heels of the news that Brooklyn’s Roberta’s pizzeria has signed a lease at the luxe Platform development, the world’s largest independent music management company closed on a lease to relocate to the area from West Hollywood.
Red Light Management signed a 26,382-square-foot office lease at C3 at Culver Pointe, a 282,951-square-foot seven-story vertical creative office campus at 5800 Bristol Parkway.
Carl Muhlstein and Hayley Blockley of JLL represented the project’s landlord, IDS Real Estate Group, along with IDS’ David Saeta and Rob Fuelling. Ryan Harding and Jennifer Frisk of NKF represented Red Light.
The company — which got its start by managing Dave Matthews Band and went on to represent the likes of Lionel Richie, Phish and the Alabama Shakes — will exit its space at the Mani Brothers’ Piazza Del Sol complex at 8439 W. Sunset Boulevard.
“A cross town relocation of an established, international music management company, and the star-power that goes with it, solidifies C3 and Culver Pointe as a new creative frontier,” Blockley said.
IDS is developing the under-construction project in a joint venture with a fund managed by PNC Realty Investors. The building is 44 percent pre-leased. Marketing firm Dentsu Aegis Network and consumer brand company Henkel already signed for a combined 98,000 square feet of space in April.
The Gensler-designed campus has a private fitness center, an outdoor kitchen, bocce courts, a dog park and an amphitheater. The first two tenants are scheduled to occupy C3 later this year.