BOLOUR Grabs Potential Production Facility in Hollywood
Privately-owned real estate company Bolour Associates, Inc. (BOLOUR) has purchased a two-story, 32,500-square-foot mixed-use building in Hollywood, CA. The property was acquired for just under $14 million or $421 per-square-foot.
Located at 6432 Santa Monica Blvd, the property sits within the Hollywood Media District, directly between Paramount and Netflix studios. “BOLOUR secured this property at a very attractive price, allowing us to confidently enter into this neighborhood, which is quickly becoming a go-to location for production-related companies,” said BOLOUR CEO Mark Bolour.
The building includes 17,500 square feet of ground floor retail and second story office space. It is currently 100% occupied by tenants ranging from creative management and casting to production equipment rentals and photography studios. The property is also within walking distance to many retail outlets, hotels and apartment complexes.
Brandon Michaels, Matthew Luchs and Andrew Leff of Marcus & Millichap represented both BOLOUR and the seller in the transaction.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.