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News release

HOLLYWOOD, CA

JLL Completes Four Leases at Sunset Media Center

Leasing activity has driven rent growth by 35 percent in past 18 months


HOLLYWOOD, CALIF., Apr. 28, 2014 — JLL announced today that it has completed leases with Tax Credit Co. (12,898 SF), Inside Weddings (2,473 SF), Wind Dancer Films (2,601 SF) and DHX Media (3,876 SF) at Sunset Media Center, a 321,883-square-foot vertical office campus in the heart of the Hollywood. 

These leases along with deals with Style Haul who signed for 6,602 square feet in January and Slickdeals who signed for 6,644 square feet last October, and who recently signed an expansion amendment for an additional 2,055 square feet, have been catalysts for driving rent growth at Sunset Media Center.  Since Kilroy Realty Corp. acquired the property in August 2012, rental rates have increased from $2.85 per square foot to the current rate of $3.90 per square foot.  Kilroy Realty has just completed a multi-million redevelopment and reposition effort at Sunset Media Center.

JLL Los Angeles' team members Nicole Mihalka, Carl Muhlstein, Hayley Blockley, and Blake Thomas are handling leasing at Sunset Media Center and represented Kilroy Realty in each these deals. 
"Leasing activity at Sunset Media Center has been off the charts as companies understand the value of being located in a Class A building in a premier Hollywood address," said Mihalka.  "Firms are benefitting from the city's revitalization along with a creative and diverse employment base."

Sunset Media Center is 321,883-square-foot vertical office campus ideally located near the iconic corner of Sunset and Vine in Hollywood, Calif.  The office campus features striking panoramic views, upgraded lobby, five level parking garage, valet parking and several onsite retailers including Coffee Bean & Tea, Comerica Bank, The Waffle and the Well cafe. Sunset Media Center is nearby the US101 Freeway and Metro Rail, providing convenient access to nearby Southern California communities.  At 94 percent leased, the property offers flexible 19,000 square foot floor plates divisible to 1,500 square feet.

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About JLL
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.