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| Cataline Bar & Grill, Hollywood, CA |
Valued at $5.57 million, the lease totaled just under 9,000 square feet
(sf).
Avison Young
Principals John Tronson and Christopher Bonbright based in the
company’s North Los Angeles office, represented the landlord, Crown Sunset
Associates, LLC. Catalina Bar & Grill was represented by Bruce Stratton
from Entertainment Real Estate Services.
 |
| John Tronson |
“We underwent an
exhaustive market-value analysis for similar entertainment venues in the area,”
comments Tronson. “Our team’s unique market knowledge of non-traditional
transactions proved invaluable to that process in order to fully understand
pricing for this irreplaceable location.”
Located at 6725
Sunset Boulevard, Cantina Bar & Grill is situated on the ground floor of an
approximately 73,000-sf creative office building. This building houses several
cutting-edge music industry tenants, including Native Instruments and A.M.
Only.
Tronson adds: “Hollywood has enjoyed more than $3 billion of
private investment over the last decade. This investment has transformed the
landscape and created one of the most ascendant urban markets in the country.”
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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