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Hudson Pacific renews lease with media firm in Hollywood
The 100K sf with Trailer Park is about half the office space at the 12-story building
It looks like the Trailer Park logo will stay over Hollywood Boulevard.
Hudson Pacific Properties secured a 10-year lease renewal with the media firm Trailer Park for 103,000 square feet at 6922 Hollywood Boulevard. The total accounts for about half the office space in the 12-story building.
Trailer Park plans to expand, has brought in Rapt Studios to renovate its space to accommodate, Hudson Pacific said in announcing the lease renewal. Trailer Park is a full service agency that puts together theatrical trailers and marketing material for television, film, and digital platforms. Recent work includes a trailer for the Netflix’s “Stranger Things” and artwork for the Marvel movie, “Black Panther.”
Trailer Park has been at the 6922 Hollywood Boulevard location since 2001.
Hudson Pacific, an L.A.-based real estate investment fund, owns 17 properties in the Los Angeles area and nearly 50 elsewhere along the West Coast. It paid CIM Group $92.5 million for 6922 Hollywood Boulevard in 2011, or roughly $450 per-square-foot. The property also includes around 34,000 square feet of retail space.
Earlier this month, it was in advanced talks to buy the Westside Pavilion shopping center in West Los Angeles from Macerich Co. Macerich put the 755,000-square-foot property on the market in November and said it had interest from buyers that would rezone and redevelop the site.