Robertson Properties Group locks in 20K-sf tenant for Hollywood Dome

Los Angeles /
Dec.December 13, 2016 12:00 PM

Salon Republic, a shared workspace provider for beauty professionals, has inked a deal to lease 20,000 square feet on the ground floor of Robertson Properties’ Dome Entertainment Center in Hollywood.

Asking rents at the retail complex,  at 6370 West Sunset Boulevard, come in around $4 per square foot, according to CoStar, which would value Salon Republic’s 10-year deal at $9.6 million.

Robertson, a subsidiary of the Decurion Corporation, was represented by Matthew Fainchtein and Carter Magnin of Cushman & Wakefield. Salon Republic was represented by Stone Miller’s Jeff Lipson and Gonzalo Rioja.

The new Hollywood digs will be Salon Republic’s ninth location in the L.A. area, according to Cushman.

Spanning over 200,000 square feet, the Dome Entertainment Center was built in 1963 and renovated in 2002. Its other tenants include ArcLight Cinemas and Veggie Grill.

Robertson has been doubling down on its holdings in the neighborhood. In October, the firm paid $50 million to acquire the 602,382-square-foot parking garage attached to the Dome for $50.2 million.

 

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