Buck Design buys into Little Tokyo

Media company pays $26.5 million for 80k sf of creative office space

120 S. San Pedro Street (Google Maps, iStock)
120 S. San Pedro Street (Google Maps, iStock)

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.

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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

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