L.A.’s office market continues to be driven by the entertainment industry as two companies have signed leases at the soon-to-be-renovated Sunset Media Center in Hollywood. Bought by real estate company Kilroy Realty Corp. at the end of 2012, the office building is set to receive extensive interior improvements as the new owner has from the outset stated its intention to raise the value and profile of one of the area’s largest office buildings. The last major renovation process to be carried out at the facility took place in 1987, 16 years after the building’s completion.
The two companies that have inked agreements with Kilroy for space at the building located at 6255 Sunset Blvd. are FilmL.A. and Nielsen Media Research. FilmL.A. is a new tenant at the property, the first company to join the building’s tenant roster after Kilroy took over as the landlord, after deciding to relocate from its former headquarters at 1201 W. 5th Street. The entertainment company will be taking over the 12th floor, or a total of 17,800 square feet of space for the following ten years.
Nielsen Media Research is the building’s largest tenant, and the news that the company is renewing and extending its lease comes as a good sign for Kilroy. The company, dealing with the compiling of media audience numbers for various media outlets, is responsible for the famed Nielsen ratings, essential in the policy of television networks. Nielsen will be taking over floors 14, 19 and 20 at Sunset Media Center for the next decade.
Image courtesy of kilroyrealty.com