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| 9350 Civic Center Drive, Beverly Hills, CA |
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| Neil Resnick |
Los Angeles, CA – Avison Young, the world’s fastest-growing
commercial real estate services firm, announced today a 10-year office lease
with Live Nation Entertainment.
The
33,094-square-foot (sf) creative space is located at 9350 Civic Center Drive
in Beverly Hills, immediately east of the Beverly Hills Civic Center.
The award-winning building was transformed in 2001 from what was an old
industrial building.
Neil Resnick, Avison Young Principal and Managing
Director of the West Los Angeles office, and Matt Wallace, a senior
associate based in the firm’s West Los Angeles office, represented the
landlord, a family trust.
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| Matthew Wallace |
Chris Mongeluzo, Executive Managing Director and Mike
Arnold, Executive Vice President of Newmark Grubb Knight Frank represented
Live Nation.
Live Nation
Entertainment is the world's leading live entertainment and eCommerce company,
consisting of four market leaders: Ticketmaster.com, Live Nation Concerts,
Front Line Management Group and Live Nation Network.
Live Nation Entertainment will be expanding its presence in
the Beverly Hills market. The firm currently occupies a 44,673-sf adjacent
property known as The Ice House, located at 9448 Civic Center Drive.
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| Chris Mongeluzo |
Live Nation’s new
space features a classic bow truss high-ceiling roof with a red-brick
exterior. The internationally acclaimed
architectural firm Barton Myers Associates spearheaded the award-winning
renovation and the City of Beverly Hills awarded the building with an
Architectural Design Award in 2001.
“The objective laid
out by Barton Myers and the landlord team was to retain the unique and creative
characteristics of the building while fully modernizing it for a contemporary,
creative user,” comments Resnick, who has been affiliated with the building for
15 years, and assisted Bank of America as it was contemplating the
refurbishment and redesign of the property.
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| Michael P. Arnold |
“Prior to the renovation, there was no onsite parking, so
the design team constructed a 70-space rooftop parking deck.”
Resnick adds:
"9350 Civic Center Drive is one of the most beautiful and unique buildings
in West Los Angeles. This transaction is perfect in that it marries one of the
most creative firms in the world, Live Nation, with an extraordinary creative
space that melds with its corporate culture."
According to
Resnick, several potential tenants pursued the leasing opportunity. However,
the landlord appreciated the synergy that Live Nation would bring to the
property.
The building in its
entirety is approximately 46,000 sf. Gibson Guitar Corporation occupies the
balance of the space.
For a complete copy of the company’s news release, please
contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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