Live Nation takes center stage with lease at Worthe’s Beverly Hills office development

The concert promotion firm signed for 95K sf at the converted post office building

TRD LOS ANGELES /
Jan.January 18, 2019 09:00 AM
Worthe Real Estate Group President Jeffrey Worthe and a rendering of the Post

Event promoter Live Nation Entertainment is leasing nearly all of Worthe Real Estate Group’s under-construction office development in Beverly Hills.

The 11-year lease is for 95,000 square feet at 325 Maple Drive, according to the Los Angeles Business Journal. The former post office building will have 105,000 square feet of leasable space, including some retail space, when it is completed.

The building is in the creative office style, with a large open floor plan, lounge areas, and an atrium. Invesco is also a partner on the project. Gensler designed the building.

Live Nation is one of the world’s largest concert promotion companies, with $3.8 billion in revenue in the third quarter of 2018 alone, according to Seeking Alpha.

Live Nation is headquartered at UTA Plaza and the Ice House, an office campus in Beverly Hills owned by Rockefeller Group Investment Management. It’s unclear whether Live Nation will remain there.

Worthe announced in September it was partnering with San Francisco-based co-living startup Starcity to renovate commercial buildings into residential buildings. The first will be 29 Navy Street in Venice[LABJ]Dennis Lynch 


Related Articles

arrow_forward_ios
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Carla House at 1966 Carla Ridge and Robert Shapiro

Beverly Hills properties once owned by convicted RE Ponzi schemer Shapiro sell for $69M

A home for Illya Kovalchuk when he hangs up the skates (Credit: Redfin and Getty Images)

Ex-King Kovalchuk buys Beverly Hills manse then bids LA adieu

Beverly Hills agent Steve Frankel (Credit: iStock)

Compass rings in New Year by poaching another Coldwell agent

The Beverly Hills Montage at 225 N. Canon Drive

Qatar-backed hotel firm buys Montage Beverly Hills in record deal

Four homes have been bought for a combined $400 million recently in L.A. (Credit: iStock, Wikipedia, and Westside Estate Agency)

The $100M club: LA’s priciest mansions are having a moment

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

arrow_forward_ios
Loading...