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Netflix Takes All of Kilroy’s 355K-SF Hollywood MXU Complex
Los Angeles-based Kilroy Realty Corporation signed a roughly 355,000-square-foot lease with Netflix at Academy on Vine in Hollywood, CA. The $450-million mixed-use project is comprised of an office component that’s currently under construction. The lease is expected to commence in phases as the phases of office components are completed, starting in mid-2020.
Kilroy’s Delmar Nehrenberg says, “We are excited to have forged a partnership with Netflix which has leased all of the office buildings at Academy on Vine, a site rich with history and a legacy of advancing the arts and sciences of motion pictures. On behalf of the team, we are thrilled to welcome Netflix to the Kilroy community.”
The property sits on a 3.5 acre, full-city block Kilroy acquired from The Academy of Motion Pictures Arts and Sciences in 2013. The project includes three cutting-edge creative office buildings and a 20-story, 193-unit residential tower, which the company plans to start construction on later this year.
For comments, questions or concerns, please contact Dennis Kaiser
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