{"id":1004163895,"date":"2017-01-12T06:18:08","date_gmt":"2017-01-12T14:18:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163895"},"modified":"2022-12-08T03:57:52","modified_gmt":"2022-12-08T11:57:52","slug":"iconic-hollywood-address-commands-210m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iconic-hollywood-address-commands-210m\/","title":{"rendered":"Iconic Hollywood Address Commands $210M"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

Los Angeles<\/strong>\u2014Kilroy Realty Corp. has acquired The Sunset, an iconic, 179,000-square-foot, mixed-use development in West Hollywood, Calif., from Broadreach Capital Partners for $210 million. HFF represented the seller in the transaction.<\/p>\n

\"<\/a>

The Sunset<\/p><\/div>\n

Once home to Playboy Entertainment, the 10-story building was acquired by Broadreach in 2007 for $105 million.<\/p>\n

Situated along the world famous Sunset Strip, the complex encompasses 2.2 acres along Sunset Boulevard and boasts a 10-story, approximately 72,000-square-foot office tower and a three-building retail plaza encompassing approximately 107,000 square feet built on top of a subterranean parking structure that provides 930 parking spaces.<\/p>\n

With 420 feet of street frontage at 8560-8590 Sunset Blvd., the property is within walking distance of an abundance of upscale residences, shopping, dining, and hotel development positioned along the rapidly urbanizing Sunset Strip in West Hollywood.<\/p>\n

Tenants in the complex currently include Equinox gym, H&M apparel, Olive Peoples eyewear, SoulCyle exercise salon, Swarovski, Regus and Primo. Overall, the complex was 88 percent leased at the time of the sale. The project also includes three billboards atop the retail buildings that were fully leased at the time of the transaction.<\/p>\n

The HFF investment sales team representing the seller included Ryan Gallagher and Michael Leggett, senior managing directors, Bryan Ley and Andrew Harper, managing directors and Tim Geiman, director.<\/p>\n","protected":false},"excerpt":{"rendered":"

Situated along the world-famous Sunset Strip, the complex encompasses an office tower and a three-building retail plaza.<\/p>\n","protected":false},"author":451,"featured_media":1004163897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,1594,21752,21742,21747,21749,15],"tags":[33434,32792,33134],"class_list":["post-1004163895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-los-angeles","category-mixed-use","category-latest","category-office","category-retail","category-west","tag-broadreach-capital-partners","tag-hff","tag-kilroy-realty-corporation"],"acf":[],"yoast_head":"\nIconic Hollywood Address Commands $210M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/iconic-hollywood-address-commands-210m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iconic Hollywood Address Commands $210M\" \/>\n<meta property=\"og:description\" content=\"Situated along the world-famous Sunset Strip, the complex encompasses an office tower and a three-building retail plaza.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/iconic-hollywood-address-commands-210m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-12T14:18:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T11:57:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/The-Sunset.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/iconic-hollywood-address-commands-210m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/iconic-hollywood-address-commands-210m\/\",\"name\":\"Iconic Hollywood Address Commands $210M - 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