Studio props company inks deal for 90K sf in North Hollywood

The lease is valued at $5.6M

TRD LOS ANGELES /
Dec.December 21, 2018 01:00 PM
(Credit: LoopNet and Yelp)

“There’s no business like faux business.”

That’s according to advertisements for the Faux Library Studio Props, a studio props company that specializes in arranging fake libraries for movies and television sets.

The company has leased an 89,500-square-foot building in North Hollywood in a deal valued at $5.6 million, according to a release from CBRE.

Located at 11501 Hart Street, the free-standing building includes 11,860 square feet of office space, in addition to expansive warehouse space.

Christopher McKenzie of Delphi Business Properties represented the tenant, which is relocating from a nearby property on Vose Street, also in North Hollywood. Matt Dierckman, Dave Harding, Greg Geraci and Billy Walk at CBRE represented the landlord, Lawrence Joselowsky.

The property has been in the hands of Joselowsky since 2004, property records show. It is unclear how much it sold for at the time.

North Hollywood is an attractive hub for companies that service the entertainment industry, given its proximity to major studios. Bento Box Entertainment — the animation studio behind “Bob’s Burgers” — recently renewed a five-year, 27,300-square-foot lease at a nearby office building on Lankershim Boulevard.


Related Articles

arrow_forward_ios
Academy Tower and from left, Rockwood Capital co-founder and managing partner Walter Schmidt, Artisan Realty Partners Mark Laderman and Colin Komae

Swift profit: San Fran investment firm unloads NoHo office complex for 45% more than it paid

CEO of Public Storage Ronald L. Havner Jr. and the site in North Hollywood (Credit: Google Maps)

Public Storage is planning to nearly quadruple its space in North Hollywood

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Strategic Legacy Vice President Michael Sabet and a rendering of 11410 W. Burbank Boulevard

Residential development is heating up in North Hollywood; here comes one more project

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

arrow_forward_ios