LeFrak Organization has leased up a vacant 12-story office building it purchased more than three years ago in the heart of Hollywood, announcing this month that it has signed Buffalo Wild Wings Grill & Bar to a 10-year, $3.4 million lease.
LeFrak, a New York-based family real estate and investment firm, purchased the 176,000-square-foot tower at 7060 Hollywood Blvd. for $50 million in August 2007. It is co-owned by Beverly Hills real estate investment firm Kennedy Wilson Inc.
LeFrak spent 18 months and nearly $20 million gutting, renovating and repositioning the building as Class A office space. By the time the building was ready to lease in mid-2009, the financial crisis had hit, complicating efforts to fill the space. ...
... Bryan Norcott of Studley Inc. represented the restaurant in the deal.
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