Four Tenants Sign at Sunset Media Center

LOS ANGELES—Kilroy Realty has signed four new leases at its Sunset Media Center, located in the center of Hollywood. Tax Credit Co., Inside Weddings, Wind Dancer Films and DHX Media are the companies to join the tenant roster at the 321,883-square-foot vertical creative office campus. In total, these businesses have leased 21,848 square feet of space with Tax Credit Co. leasing the largest space at 12,898 square feet.  

Kilroy has recently completed a multimillion-dollar renovation of the campus, which has served to drive rental rates up. Since purchasing the building two years ago for $79 million, rental rates in the building have increased from $2.85 per square foot to $3.90 per square foot. “Increasing demand and lack of supply for class-A creative office with views in the ever improving Hollywood submarket is putting upward pressure on rental rates,” Nicole Mihalka, a JLL broker who represented Kilroy Realty in each of the transactions, tells GlobeSt.com. Mihalka represented Kilroy along with her JLL colleagues Carl Muhlstein, Hayley Blockley and Blake Thomas, a team that handles leasing for the complex.