Luzzatto Co. closes on deal for future Sweetgreen HQ offices

The firm will build a 50K sf complex in West Adams for the salad chain

TRD LOS ANGELES /
Jul.July 09, 2019 05:00 PM
Asher Luzzatto and a rendering of the converted dairy
Asher Luzzatto and a rendering of the converted dairy

Luzzatto Company has closed on the deal for a former West Adams dairy building it’s converting into offices, which Sweetgreen will use as its corporate headquarters. The Real Deal first reported on the pending deal in May.

Luzzatto purchased the site from Olson Company for $14.8 million, according to property records. The new offices will take up part of the site. Olson Company is building townhomes on another portion.

Salad chain Sweetgreen signed a lease in May for all of the 50,000 square feet of office planned at 3101 Exposition Boulevard.

The dairy building is the former home of Unified Grocers and is a few miles east of Culver City, where Sweetgreen has been based since 2016.

West Adams is seeing a flurry of office development thanks to the relative affordability of development sites, and proximity to tech-heavy markets like Culver City.

A few days after Sweetgreen announced its lease, online luxury consignment market TheRealReal announced plans to move into a converted office space built by Lion Real Estate Group and Borman Group.

The Olson Company’s townhome plans date back to 2017. Originally, Olson planned 68 townhomes, but that number will likely be reduced because of the sale to Luzzato.


Related Articles

arrow_forward_ios
110-unit mixed use development

Pourbaba gears up for 115-unit West Adams project

Pourbaba gears up for 115-unit West Adams project
3317-3325 Exposition Place and RealReal CEO Julie Wainwright (Credit: Google Maps)

Luxury consignment brand TheRealReal is latest to bet on West Adams

Luxury consignment brand TheRealReal is latest to bet on West Adams
From left: Sweetgreen co-founders Jonathan Neman, Nicolas Jammet and Nathaniel Ru; and a rendering of 3101 Exposition Boulevard

Finding its sweet spot: Sweetgreen moving HQ to West Adams

Finding its sweet spot: Sweetgreen moving HQ to West Adams
Local developer proposes 4-story office building in West Adams

Local developer proposes 4-story office building in West Adams

Local developer proposes 4-story office building in West Adams
CIM Group’s office complex project would add to growing portfolio in West Adams

CIM Group’s office complex project would add to growing portfolio in West Adams

CIM Group’s office complex project would add to growing portfolio in West Adams
CIM Group’s plan for 78-key hotel is latest project in West Adams

CIM Group’s plan for 78-key hotel is latest project in West Adams

CIM Group’s plan for 78-key hotel is latest project in West Adams
David Pourbaba plans 115-unit development for West Adams lot

David Pourbaba plans 115-unit development for West Adams lot

David Pourbaba plans 115-unit development for West Adams lot
Shops were looted in Santa Monica (Credit: Mario Tama/Getty Images)

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach
arrow_forward_ios

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

Loading...