LOS ANGELES – JLL announced today that XTR, a premium global nonfiction entertainment studio, has acquired BelleVarado Studios, a 25,420-square-foot freestanding creative studio and office complex located at 601-611 N. Alvarado Street and 2103-2127 Bellevue Avenue in Los Angeles for $8.625 million. XTR will use the space for its headquarters which includes production and post-production facilities, a sound stage, recording studio and offices.
JLL’s Nicole Mihalka and Caitlyn Ross represented the seller, PAME 22, LLC. XTR was represented by Craig Ekedahl and Julie Spiker of Maisonre.
“We continue to see explosive demand for studio space in Los Angeles and content creators looking for places to grow,” said Nicole Mihalka, JLL Managing Director. “This was the perfect campus for XTR to expand their content on their own studio lot.”
BelleVarado Studios is ideally located in the Echo Park area of Los Angeles, adjacent to the US 101 Freeway, providing convenient access to Hollywood, Downtown Los Angeles and neighboring communities. It features high ceilings, concrete floors, exposed brick, bow-truss ceilings and a freestanding sound Stage with 18-foot clear height.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
