{"id":1004643879,"date":"2023-02-06T05:09:24","date_gmt":"2023-02-06T13:09:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004643879"},"modified":"2023-02-06T05:09:26","modified_gmt":"2023-02-06T13:09:26","slug":"sony-pictures-inks-225-ksf-los-angeles-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sony-pictures-inks-225-ksf-los-angeles-lease\/","title":{"rendered":"Sony Pictures Inks 225 KSF Los Angeles Lease"},"content":{"rendered":"
\"\"

5750 Wilshire Blvd. Image courtesy of Cushman & Wakefield<\/p><\/div>\n

Sony Pictures Entertainment<\/strong> has entered into a long-term lease totaling 225,239 square feet at Wilshire Courtyard, a Class A office campus in Los Angeles. Savills<\/strong> represented the company in the multi-floor leasing agreement.<\/p>\n

Cushman & Wakefield<\/strong> negotiated on behalf of the landlord, Onni Group<\/strong>, which purchased the two-building property from Tishman Speyer in 2019 for $630 million<\/a>.<\/p>\n

Sony Pictures plans to relocate its select divisions from the Culver City, Calif., complex to the new space at Wilshire Courtyard West. The property\u2019s proximity to multiple production studios is a key advantage for companies working in the entertainment, media or tech industries. Wilshire Courtyard’s tenant roster includes MobScene, Entravision, Rebel Entertainment and Katz Media Group, according to CommercialEdge.<\/p>\n

Cushman & Wakefield\u2019s team led by Executive Directors Peter Collins and Scott Menkus, Managing Director Josh Bernstein, and Associate Alexa Delahooke worked on behalf of the landlord, together with the company\u2019s Director of Leasing Neal Linthicum. Savills\u2019 team led by President Josh Gorin and Vice Chairman Mike Catalano negotiated on behalf of the tenant.<\/p>\n

Wilshire Courtyard is an office campus composed of two six-story, Class A buildings, encompassing nearly 1 million square feet of space. The 462,375-square-foot Wilshire Courtyard West is located at 5750 Wilshire Blvd, while Wilshire Courtyard East is located at 5700 Wilshire Blvd., and totals 540,391 square feet of space, according to the same data provider. The two-building asset, originally built in 1987, features retail space, floorplates between 38,000 and 100,00 square feet and 2,439 parking spots, the same source indicates.<\/p>\n

The epicenter of the entertainment industry<\/h2>\n

The buildings underwent cosmetic renovations in 2015, implemented by the previous ownership. The office campus is LEED Gold-certified and has also received BOMA\u2019s The Outstanding Building of the Year Award five times. Common-area amenities include an Equinox Fitness studio, outdoor balconies, recently upgraded common spaces and a park equipped with jogging trails. Additionally, a new amenity area featuring a multi-screen entertainment studio, a common area lounge, a golf simulator and conference rooms will be added to the office campus.<\/p>\n

Wilshire Courtyard is situated on 8 acres within the Miracle Mile neighborhood, close to Los Angeles County Museum of Art, Academy Museum of Motion Pictures, 3.5 miles from Paramount Studios, 8 miles from downtown Los Angeles and within 9 miles of The Walt Disney Studios in Burbank, Calif.<\/p>\n

Earlier this month, Savills also represented Ares Management in its lease at Anderson Towers, a two-building, Class A office campus in Los Angeles’ Century City. Ares signed a 206,000-square-foot, long-term lease<\/a> at the property and will be moving in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Onni Group owns the Class A office campus in the heart of Miracle Mile.<\/p>\n","protected":false},"author":2991,"featured_media":1004643880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1594,21742,21747,15],"tags":[35033,32799,32779,45989,34107,34633],"class_list":["post-1004643879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-los-angeles","category-latest","category-office","category-west","tag-boma","tag-cushman-wakefield","tag-leed","tag-onni-group","tag-savills","tag-sony"],"acf":[],"yoast_head":"\nSony Pictures Inks 225 KSF Los Angeles Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Sony Pictures Entertainment has entered into a long-term leasing agreement at Wilshire Courtyard, a Class A office campus in Los Angeles.\" \/>\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\/sony-pictures-inks-225-ksf-los-angeles-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sony Pictures Inks 225 KSF Los Angeles Lease\" \/>\n<meta property=\"og:description\" content=\"Sony Pictures Entertainment has entered into a long-term leasing agreement at Wilshire Courtyard, a Class A office campus in Los Angeles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sony-pictures-inks-225-ksf-los-angeles-lease\/\" \/>\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=\"2023-02-06T13:09:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-06T13:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Wilshire-Courtyard-5750-e1675679556531.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/sony-pictures-inks-225-ksf-los-angeles-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sony-pictures-inks-225-ksf-los-angeles-lease\/\",\"name\":\"Sony Pictures Inks 225 KSF Los Angeles Lease - 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