Thursday, August 8, 2013

Avison Young completes 10-year office lease with Live Nation in Beverly Hills, CA

9350 Civic Center Drive, Beverly Hills, CA

 
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. 

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.

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.

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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