Rockwood JV Buys North Hollywood Office Building
Rockwood Capital and Artisan Realty paid $30 million for the six-story office building.
Located at 4640 Lankershim in North Hollywood, the property is 98% leased to a number of prominent entertainment industry tenants, as well as a diverse set of financial, educational, and professional services companies. Swift Real Estate Partners repositioned the project after its October 2017 acquisition. The redevelopment helped quickly bring the project’s occupancy up from 70% to stabilization.
NKF’s Co-Head of U.S. Capital Markets Kevin Shannon, Rob Hannan, Laura Stumm, Ken White, and Mike Moll represented the seller, Swift Real Estate Partners. The buyers were self-represented.