Terms of the lease will provide the tenant, Gener8xion Entertainment, with 18,000 sf at 3400 W. Cahuenga Blvd. The building is owned by Cahuenga Investors LLC, a private investment partnership.
Paul Stockwell, corporate managing director and Will Adams, managing director in Studley's Downtown LA office, represented the landlord in the transaction. Brad Wilson of Grubb & Ellis represented Gener8xion Entertainment.
In a related transaction, Studley also represented Cahuenga Investors and buyer Coffey Sound in the partnership's sale of a 6,000-sf building at 3353 W. Cahuenga. Coffey Sound paid $560,000 and has completed a renovation of the property to house its operations.
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