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.