Jan
12
Iconic Hollywood Address Commands $210M
BySituated along the world-famous Sunset Strip, the complex encompasses an office tower and a three-building retail plaza.
The SunsetLos Angeles—Kilroy 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.
Once home to Playboy Entertainment, the 10-story building was acquired by Broadreach in 2007 for $105 million.
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…
