UPDATED, March 28, 2023, 10:56 a.m.: An entity previously tied to Quixote Studios has bought a 7-acre industrial site in the San Fernando Valley neighborhood of Sun Valley for $40 million.
Epicenter Landcorp bought the property earlier this year, records show.
Epicenter was previously affiliated with Quixote Studios, which was acquired by Hudson Pacific Properties for $360 million last year, according to documents filed with the City of Los Angeles. Hudson Pacific did not acquire Epicenter as part of its acquisition and was not affiliated with the purchase, according to a company spokesperson.
Quixote co-founder Mikel Elliott, who is still an executive at the firm, is listed as a manager of the LLC used to purchase the building, California Secretary of State documents show.
The site, located at 11660 Tuxford Street, is currently used as a 110,000-square-foot RV storage facility, according to online listings for the property.
It’s also located about two miles from where Hudson Pacific and its partner Blackstone are building their fourth studio project, Sunset Glenoaks. That 241,000-square-foot studio will include seven soundstages and is expected to cost up to $190 million, Hudson Pacific disclosed in 2021 when it announced the project. Construction is slated to finish by the third quarter this year.
Epicenter has about 750,000 square feet of office and studio projects, including at 1000 Cahuenga Boulevard in Hollywood.
A previous version of this story incorrectly said Hudson Pacific Properties was involved in the acquisition. This story has been corrected and updated to reflect it is not affiliated with Epicenter.