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1/08/26
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A joint venture between Hankey Investment Company (HIC) and Barker Pacific Group (BPG) acquired Sunset Media Center, a 22-story, 326k sf Class A creative office tower in the heart of Hollywood’s Media Row. The building, located at 6255 W. Sunset Blvd, was sold by Kilroy Realty for $61 mil, or $187/sf.
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The building offers unobstructed view corridors and average floor plates of 18.5k sf in size. It was 51% occupied at the time of sale.
6255 W. Sunset was once home to iconic entertainment companies that shaped the golden age of media and continues to attract leading innovators in many sectors, including film, music, legal, and financial services. A partial tenant roster includes Media Res, Magical Elves, The Hollywood Chamber of Commerce, Slickdeals, OpenTable, and the AIDS Healthcare Foundation.
Built in 1974, Sunset Media Center underwent an extensive multi-million-dollar renovation in 2014 by renowned architect Gensler and features an attractive lobby space, on-site visitor parking, redefined common areas, a sun-drenched outdoor plaza with neighborhood retail hot spots, and access to major entertainment studios and media professionals.
Considered a “Walker’s Paradise” with a Walk Score of 98, Sunset Media Center features more than 300 retail and dining options within a mile radius, including on-site retailers Comerica, The Waffle, The Well, and One Main Financial. Also transit-friendly, the building is just one block from the Hollywood/Vine Metro Station and has easy access to the 101 Fwy.
“This is our first major office acquisition following our recent recapitalization of BPG,” said Mory Barak, Executive Chairman of BPG. “This recapitalization allows BPG to continue Michael Barker’s legacy of maximizing investor returns by acquiring and repositioning well-located, high-quality office assets across the Southwestern United States. BPG is confident the next few years will continue to bring once-in-a-lifetime opportunities to acquire well-located commercial properties at significant discounts to replacement cost.”
An Eastdil Secured team led by Michael Kathrein, Adam Edwards, Sam Baughman, and Blake Stamato represented the seller on this transaction. The new ownership is retaining JLL’s leasing team of Dana Vargas and Peter Hajimihalis to continue lease-up efforts at the asset.
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