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Burbank Buildings Get Creative Makeover

The buyers of a six-property industrial complex in Burbank have plans to turn the mid-century buildings into a creative campus. BV Empire LLC acquired the buildings, at 2405-2409 West Empire Ave., in March for $3 million. The 22,343-square-foot property will be renovated with a new roof and façade, exposed beams, track lighting, polished concrete floors, and upgraded electrical and handicapped access. Brett Warner, a principal at Lee & Associates’ Sherman Oaks office who represented the buyer, said the owners hope to attract entertainment and other creative companies who do work for nearby studios. “This property is very close to the major studios in Burbank, with units ideally sized for today’s creative users,” said Warner, in a statement. “And the buyer will be able to offer these units at sale and lease rates that are far more affordable than Westside Los Angeles, where prices have risen exponentially for similar types of facilities.” The buildings, constructed in the 1940s and 1950s, are expected on the market for possible sale or lease later this year. The properties are divided into units ranging from 2,000 square feet to 6,000 square feet. Greg Geraci and Dave Harding of CBRE Inc. represented the seller, PDM Financial LLC.

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