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News release

SANTA MONICA, CA

Creative Office Campus Construction Underway in Santa Monica, California

JLL to handle leasing and project management at Santa Monica Gateway


SANTA MONICA, CALIF., May 6, 2016 – Looking to satisfy demand for creative office space in the burgeoning Silicon Beach area, Colorado Creative Studios, LLC, has started development of Santa Monica Gateway, a two-building, 200,000-square-foot creative office campus located at 2834 Colorado Avenue in Santa Monica, California.  The campus will be available for occupancy in late 2017.

Developed to fit the needs of technology and media tenants, Santa Monica Gateway offers 10,600 to 36,000-square-foot floor plates in a two-building, four-story campus complemented by a three-level subterranean garage. The LEED qualified campus architects are DRDS and Gruen Associates. The modern design features concrete and glass structures. Located within a ten–minute walk to the new Expo Line, onsite amenities include bike lockers and showers.

Leading the leasing efforts for Santa Monica Gateway are Carl Muhlstein and Tom Cherry of JLL.  JLL is also handling project and development management.

“Santa Monica continues to be the premier hub for the media and technology sectors”, said Jack Walter, Owner of Colorado Creative Studios, LLC, “Our goal is to create a walkable/livable community for our tenants.”

According to JLL Research, media and entertainment sectors accounted for 33 percent of all leasing activity in the first quarter of 2016.

“Santa Monica continues to appeal to firms because of its abundant amenities, multiple transit options, millennial housing and skilled labor,” said Muhlstein.  “Santa Monica Gateway is the perfect project to alleviate the low vacancy and lack of large blocks of space”.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.