Buzzfeed, a New York media and entertainment company, has moved some of its employees into the Sunset Media Center in Hollywood as it expands its L.A. team.
Robert Caviola, a managing director in the downtown L.A. office of Savills Studley who represented Buzzfeed in the transaction, said the firm is taking 22,000 square feet of office space at the center, at 6255 W. Sunset Blvd., but would not comment on terms of the lease.
West L.A. real estate company Kilroy Realty Corp. bought the Sunset Media Center for $76 million in 2012, and David Simon, its executive vice president, said the length of Buzzfeed’s lease is five years or less.
Monthly asking rents at the building are $4.05 a square foot, according to data provided by CoStar Group Inc., valuing the deal at more than $1 million a year...Buzzfeed Inks Hollywood Office Deal in Ongoing L.A. Expansion
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