CIM Group Secures Long-Term Lease With Miramax For 16000 Square Feet In West Hollywood

The asset involved in this transaction is an office space located at 1041 North Formosa Avenue in West Hollywood, offering 16,000 square feet. This property is part of The Lot at Formosa, a historic production campus that has been under the ownership of CIM Group since 2007.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Long-term lease
• Landlord: Shaul Kuba & Blake Eckert - CIM Group
• Tenant: Jonathan Glickman - Miramax
• Landlord's Representative: Hayley English Blockley & Nicole Mihalka - JLL
• Tenant's Representative: Patrick Moody & Clay Hammerstein - CBRE

This long-term lease secured by CIM Group allows Miramax to establish its headquarters within the 11-acre campus, which includes sound stages, historic offices, and modern LEED Gold-certified office buildings, enhancing their operational capabilities within a historic context.