L.A. Business First
March 6, 2023
The former TV Guide building in Hollywood, California, is getting some upgrades as its new owners aim to boost occupancy at the 12-story, Class A office and retail property formerly owned by Hudson Pacific Properties.
Kairos Investment Management Co. has partnered with private real estate investment firm Harbor Associates on the acquisition of the 208,000-square-foot property at 6922 Hollywood Blvd., which closed in the fourth quarter for $96 million.
Since then, the building has kept its anchor office client, entertainment marketing and content production company The Trailer Park Group, which is leasing the top three floors.
Downstairs, retailers such as Cabo Wabo, The Coffee Bean & Tea Leaf, U.S. Bank and Wahlburger’s also have their doors open, with 37,000 square feet of retail space fully leased.
In addition to the office and retail space, 6922 Hollywood also includes an adjacent underground five-story parking garage, with nearly 500 spaces for both tenant and visitor use. Revenue from the garage faltered during the pandemic, but has already begun to return to pre-pandemic levels.
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