Buck Design buys into Little Tokyo
Media company pays $26.5 million for 80k sf of creative office space
The Buck will soon stop in Little Tokyo.
Buck Design, a media company based in Lincoln Heights, paid $26.5 million for an 80,000 square-foot building at 120 S. San Pedro St., Bisnow reported.
The seller was Brickstar Capital of Beverly Hills.
The company will move into the five-story building after tenant renovations on the building are complete, according to CBRE, which represented Brickstar.
Buck Design was represented by Lee & Associates, based in Calabasas. The firm, which does business as BUCK, was founded in 2004 as a motion graphics and animation company. It now has offices in New York, Sydney and Amsterdam. It’s not clear whether it’s moving its headquarters from Lincoln Heights to Little Tokyo.
Brickstar, a private investment company with properties on the West Coast, bought the building five years ago for $15 million from Union Bank, records show.
It then renovated the building to convert it into creative office space for media, tech and design companies. It added patios, a gym and a redesigned lobby.
Brickstar still owns the building directly across the street from the new BUCK building, which includes a Chase Bank branch on its ground floor, according to its website.
The Metro Regional Connector light-rail project is expected to open this year, with a branch line into Little Tokyo at 1st Street and Central Avenue.
[Bisnow] – Dana Bartholomew