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KCET subleases 25K sf at the Pointe in Burbank to the Switch
The lease is part of a larger deal
KCETLink Media Group is subleasing 24,700 square feet of its space at the Pointe in Burbank to the Switch, the company announced Thursday.
Carl Muhlstein and Nicole Mihalka of JLL represented KCETLink in the sublease.
KCET, a nonprofit broadcast network, signed a lease for a total of 55,000 square feet at the building at 2900 W. Alameda Avenue in 2012.
Its sublease to the Switch is part of a larger deal between the two media outfits. KCET is outsourcing its broadcast origination, master control and technical services to the Switch, which provides customer-controlled video switching services.
Gordon Bell, who was a senior vice president of engineering at KCET, has joined the Switch to manage its operations at the Pointe.
Worthe Real Estate Group finished developing the roughly 480,000-square-foot building in 2009. Earlier this year, Blackstone Group reached an agreement to buy stakes in five or six office properties in Burbank, including the Pointe, as part of a recap deal that is estimated to be worth $1.5 billion, according to REAlert.
The sellers were the various partners of investor Jeffrey Worthe, who retains a small interest and continues to manage them. Eastdil Secured arranged the recapitalization.