Business & Tech
Sunset Media Center Will Undergo Renovation
Kilroy Realty Corporation, the new owner, purchases the building 22-story building for $79 million.
The Sunset Media Center has a new owner planning to give the building an update.
Can't picture it? This is the building at 6255 Sunset Blvd. that houses and on the ground level.
The 22-story building built in 1971 was purchased for approximately $79 million by Kilroy Realty Corporation. The real estate investment trust announced it had completed the acquisition on Tuesday.
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KRC has started the process of getting approvals for the renovations and work will start as soon as possible, according to a rep.
The company plans to renovate the lobby, common areas and tenant spaces in line with Mayor Villaraigosa's Better Building Challenge, which aims to reduce energy consumption.
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“We’ve acquired an opportunity to create meaningful long-term value in this property," said KRC’s executive vice president for the L.A. region David Simon in a press statement. "With some well-targeted improvements to the building’s aesthetics, amenities and energy efficiency, it positions us to service the growing need for entertainment, media and tech-oriented spaces in this submarket.”
The building is 87 percent leased. Tenants include Nielsen Media Research, Magical Elves Production, Prometheus Entertainment, APM Music and Channel 9 Australia.
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