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Verve Talent Agency Inks Lease for New Hollywood Headquarters

| Commercial Real Estate News, Leasing, Office| Views: 0

Verve Talent & Literary Agency has signed a lease for a new headquarters in Hollywood: It’s moving into a 53,000-square-foot space at the Lincoln Property Company (LPC)-owned BA/SE campus, in what is shaping up to be one of the largest Los Angeles office space leases in 2023.

CBRE’s Jeff Pion led the negotiations on behalf of the tenant, while the landlord was represented in-house by Kent Handleman and Douglas Brown.

The move marks a significant expansion for Verve as the agency is currently located at a Douglas Emmett property near Los Angeles’ Miracle Mile and Museum Row.

“Given its prime location in the heart of Hollywood and its creative campus environment, we saw this as an opportunistic investment with tremendous upside as the market recovers,” said Rob Kane, executive vice president of LPC’s Southern California operations.

Completed in 2015, the 261,000-square-foot BA/SE campus located at 6555 Barton Ave. and 959 Seward St. was acquired by a joint venture between LPC and Goldman Sachs in 2020 from J.H. Snyder. The partnership dished out $186 million for the LEED Gold-certified property and then proceeded to upgrade it with new amenities, including the addition of a food and beverage kiosk; spacious outdoor patios and gathering areas featuring built-in seating; EV parking; bike racks; and on-site showers.

“We’ve since renovated the exterior of the property and added new features that enhance the campus vibe, including a variety of comfortable and convenient areas for tenants to meet clients, host events, and connect with colleagues. Verve’s decision to bring their headquarters to BA/SE represents significant forward momentum for the property as we aim to bring it back up to full occupancy.”

Lincoln’s project management team will be handling the interior buildout of Verve’s headquarters. The space will be designed to reflect Verve’s culture and values, and it will provide a collaborative and creative environment for its employees.

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