Hudson Pacific Inks 102 KSF Hollywood Lease Renewal
- Feb 28, 2018
Hudson Pacific Properties signed a 10-year lease renewal through December 2028 with Trailer Park, a full-service agency specializing in content creation and entertainment marketing.
Located at 6922 Hollywood Blvd., Trailer Park has been a tenant at the Los Angeles office building since 2001 and will be working on renovating its 102,977-square-foot space to accommodate for the company’s growth. Rapt Studio has been tapped to assist with the space’s architectural designs.
The 205,522-square-foot Class A building features 12 stories and 33,694 square feet of retail on the first and second floor. Built in 1967, the property was last renovated in 2007 and is home to other tenants including H&M, The Coffee Bean & Tea Leaf, U.S. Bank, j2 Global and American Apparel. Hudson Pacific acquired the asset back in 2011 from CIM Group for $50.3 million, according to Yardi Matrix. The building is within close proximity to the TCL Chinese Theatre, Hollywood & Highland Center, Hollywood Roosevelt Hotel and the Dolby Theater.
“Trailer Park is one of the most dynamic companies in entertainment marketing, and we’re pleased to have extended our relationship by 10 years,” said Victor Coleman, chairman & CEO of Hudson Pacific Properties, in prepared remarks. “The growth of digital entertainment production in Hollywood has placed a premium on high-quality office space, and this transaction reflects the strong demand for Class-A properties.”
Image courtesy of Yardi Matrix