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LOS ANGELES COUNTY NEWS
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Kilroy Signs NeueHouse to Its Columbia Square Development in Hollywood

7/29/14

New York City-based NeueHouse has inked a 15-year lease with Kilroy Realty Corporation for 93k sf of space at Kilroy’s Columbia Square development in Hollywood. Currently under construction, Columbia Square is a $400 mil, 680k sf mixed-use creative office, retail and residential development being built on the site of CBS’ historic, early 20th century broadcast facility on Sunset Blvd.

NeueHouse plans a first quarter 2015 occupancy of all the office space in the newly renovated, historic Radio and Business buildings that anchor Columbia Square. This is the second location for NeueHouse, which plans to open 20 collaborative offices around the world by 2020. The first NeueHouse opened its doors in May 2013 in New York City and sold out within three months.

Conceived by venture capitalists Joshua Abram and Alan Murray, NeueHouse has pioneered a new model for the collaborative workplace by creating a series of spaces, experiences, and amenities that cater to “solopreneurs” and teams of up to 20 people in the creative arts, including such fields such as film, design, publishing, the performing arts and technology.

Existing NeueHouse space in NY City
Existing NeueHouse space in NY City
NeueHouse offers a range of memberships to meet the needs of those who may not require a dedicated office space but can benefit from NeueHouse’s interdisciplinary and imaginative cultural experience. All members have access to NeueHouse’s fully equipped recording studios, post production and broadcast facilities, conference rooms, screening room, and private dining rooms with in-house food service.

As part of the experience, NeueHouse will curate a wide range of events for its members including evenings with artists, industry leaders, performers and acclaimed speakers. Programs will range from a weekly conversation series to film screenings, concerts, readings and private gallery tours.

Kilroy acquired the Columbia Square media campus property in the second half of 2012 for around $65 mil. Located at 6121 Sunset Blvd, the property is being redeveloped to preserve its historic character, while creating a state-of-the-art media campus, a new residential community, and an amenity-rich retail environment. Kilroy is working with Los Angeles-based architects and designers Roschen Van Cleve, Rios Clementi Hale and House & Robertson on the multi-phase project.

Columbia Square, circa 1940s
Columbia Square, circa 1940s
Built in 1938 at a cost of $2 mil, the distinctive Radio Building was the most expensive broadcasting facility ever built at the time. The former West Coast operations for Columbia Broadcasting Systems, the building included the 25k sf Columbia Playhouse, from which radio comedies featuring Jack Benny, Burns and Allen, Edgar Bergen and Red Skelton were broadcast in front of a live audience. Kilroy Realty has been working closely with the Hollywood Heritage, Historic Resources Group and City of Los Angeles to preserve the building, which was designated an historic-cultural monument in 2009.

“Columbia Square brought together under one roof the great minds in the golden age of radio to produce some of the most memorable shows in entertainment history,” said Kilroy Realty Executive Vice President David Simon. “As a result of our partnership with NeueHouse, that kind of creativity and collaboration will once again pulse through one of the most important buildings in Hollywood.”

Kilroy and Neuehouse have formed a strategic alliance and will continue to work together sourcing other West Coast opportunities. Carl Muhlstein of Jones Lang LaSalle represented Kilroy in the transaction, said to be the largest lease signed in Hollywood in more than five years. NeueHouse was repped by Steve Kolsky and Neal Golden of Newmark Grubb Knight Frank. The deal value was not disclosed.






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