IRVINE, Calif., (January 5, 2009) - Anthony W. "Tony" Thompson, Chairman and Chief Executive Officer at Thompson National Properties, LLC, announced today the December 24 acquisition of the Kodak Hollywood Campus in Los Angeles, California. "The Kodak Hollywood Campus is a unique, mission critical facility serving the Hollywood movie studio community," said Thompson. "This acquisition represents a significant achievement in the current economic environment."
"The Kodak purchase is an example of TNP's commitment to provide our investors with opportunities to profit from current market conditions," said Steve Corea, Senior Vice President, Acquisitions at Thompson National Properties.
The Kodak Hollywood Campus is a Class A property located in the Hollywood submarket of Los Angeles. The two-building campus consists of office and production facilities, totaling approximately 102,800 square feet. The campus is situated on 2.97 acres and is 100 percent leased to Eastman Kodak. Eastman Kodak has been at this location for over 23 years and has invested over $10 million in the past several years to modernize these facilities.
The three-story office and production facility, 1017 N. Las Palmas Avenue, is approximately 83,950 square feet and was built in 1994. This property includes screening rooms, editing bays, recording facilities, cabling and infrastructure. The two-story office building, 6700 Santa Monica Boulevard, is approximately 18,850 square feet and was constructed in 1928, renovated in 1985 and expanded in 1987.
Thompson National Properties, LLC provides real estate investment opportunities and asset management to high net worth domestic, foreign, individual and institutional investors. As of December 31, 2008 Thompson National Properties has more than 8.7 million square feet of property under management. For more information regarding Thompson National Properties, please visit
www.tnpre.com