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California  + Los Angeles  + Office  | 

NoHo Office Building Goes for $30M

Rockwood Capital and Artisan Realty acquired a 73,972-square-foot, six-story, multi-tenant office building in North Hollywood, CA for $30 million, or $406-per-square-foot. The seller was San Francisco-based Swift Real Estate Partners.

Built in 1982, the property at 4640 Lankershim is 98% leased to a number of prominent entertainment industry tenants, as well as a diverse set of financial, educational, and professional services companies. Swift Real Estate Partners repositioned the project after its October 2017 acquisition, which included restroom and lobby renovations and the creation of a large outdoor lounge, which helped quickly bring the project’s occupancy up from 70% to stabilization.

NKF’s Kevin Shannon, Rob Hannan, Laura Stumm, Ken White, and Mike Moll represented the seller. The buyers were self-represented.

This transaction marks the second NoHo acquisition for Rockwood Capital and Artisan Realty. In August 2019, the same seller and buyer transacted Academy Tower, a Class A property at 5200 Lankershim for $121.25 million.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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