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6/12/14
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In what we’ve been told is the largest relocation lease by sf signed in the San Fernando Valley this year, Universal Music Group (UMG) inked a 10-year deal for 146.6k sf of office space located at LNR Warner Center in Woodland Hills. UMG will occupy the top four floors of the five-story building at 21301 Burbank Blvd, within the seven-building campus.
This relocation will combine the company’s two existing Woodland Hills offices into one larger location, effective February 1, 2015. UMG offices in Santa Monica will not be affected.
Paul Stockwell, Josh Leibowitz and Jeremy Charles of CBRE represented the tenant in the transaction. Todd Later and Eric Lyon of Hines repped the landlord, Hines. The lease value was not disclosed.
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