June 9, 2015
The Downtown Los Angeles Coca-Cola plant has sold again after trading hands just over a year ago. REIT Hudson Pacific Properties bought the 120,000-square-foot asset from a joint venture between Goldstein Plating Investments and Atlas Capital Group.
The partnership bought the warehouse for $19 million in April of last year. It was going to transform it into creative office space with a ground-floor restaurant.
Called Fourth & Traction, the new project, in the Arts District, is nearby plenty of developments that are transforming the neighborhood with creative office, apartments, retail and restaurants.
Tags: acquisition, apartments, arts district, Atlas Capital Group, Coca-Cola plant, creative office, downtown los angeles, Fourth & Traction, Goldstein Plating Investments, Hudson Pacific Properties, multifamily, REIT, restaurants, retail