KCET subleases 25K sf at the Pointe in Burbank to the Switch

The lease is part of a larger deal

TRD LOS ANGELES /
Oct.October 06, 2017 05:30 PM

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.


Related Articles

arrow_forward_ios
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Netflix CEO Reed Hastings with the building (Credit: BENOIT TESSIER/POOL/AFP via Getty Images)

Netflix inks giant lease in Burbank for first dedicated animation studio

Netflix inks giant lease in Burbank for first dedicated animation studio
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
Blackstone CEO Stephen Schwarzman, and the building (Credit: Google Maps)

Blackstone pays $62M for Southeast LA warehouse

Blackstone pays $62M for Southeast LA warehouse
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
The Tower at Burbank at 3900 West Alameda Avenue with Jeffrey Worthe and Blackstone Group President Jonathan Gray (Getty, Google Maps)

Here’s what tenants pay at Blackstone and Worthe’s Tower at Burbank

Here’s what tenants pay at Blackstone and Worthe’s Tower at Burbank
Blackstone’s Jon Gray and 1777 Center Court Drive in Cerritos (Getty, Google Maps)

Blackstone sells Cerritos office building for $44M

Blackstone sells Cerritos office building for $44M
Charles Tourtellotte, Chris Tourtellotte, and a rendering of the project

LaTerra closes $40M dirt deal for big Burbank project

LaTerra closes $40M dirt deal for big Burbank project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...