Done Deals: $28.1 million refinancing secured for Sunset Boulevard creative office building in Hollywood market, Los Angeles, CA

Saturday, March 6, 2021

$28.1 million refinancing secured for Sunset Boulevard creative office building in Hollywood market, Los Angeles, CA

6725 Sunset Boulevard office building,
Hollywood market, Los Angeles, CA

LOS ANGELES, CA –

Todd Sugimoto

JLL Capital Markets announced it arranged $28.1 million in proceeds to refinance 6725 Sunset Blvd., a 73,851-square-foot, newly-renovated Class A creative office building in Los Angeles, California.

JLL worked on behalf of the borrower, Vanbarton Group LLC, to secure the floating-rate loan through Global Atlantic Financial Group.

Located along famed Sunset Blvd., the building is positioned in the heart of the Hollywood market, supported by a strong base of entertainment and media companies, as well as an increasing number of tech and creative-office users.

This market has seen an influx of young professionals in recent years, drawn by the abundance of high-earning jobs, walkable neighborhoods and comprehensive lifestyle offerings that are developing across Hollywood.

Spencer Richley

Vanbarton Group recently completed a multi-million-dollar renovation of the property, including upgrades to the building’s private courtyard, common areas, lobby, entrances and corridors.

The five-story building includes roughly 15,000 square-foot floor plates and now boasts several modernized and turnkey office suites immediately available for lease.

The JLL Capital Markets team representing the borrower was led by Managing Director Todd Sugimoto, Director Spencer Richley and Director Keith Rosso.

“Major entertainment and tech companies continue to pour billions of dollars into content creation annually, and Hollywood remains the epicenter of the entertainment industry,” Richley said.