Penske Media Corp. Signs 12-Year Lease For 125K SF In Lumen West LA Office Building

Penske Media Corp, owner of The Hollywood Reporter and Rolling Stone, has signed a 12-year lease for 125,000 square feet in the newly completed Lumen West LA office building located at 11355 West Olympic Boulevard in Los Angeles. The lease marks an expansion of Penske Media's office space in West Los Angeles. The Lumen West LA office building offers amenities such as sports courts and restaurants. Penske Media plans to include a screening room and on-site production facilities for tenants to utilize.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not specified
• Square Footage: 125,000 SF
• Address: 11355 West Olympic Boulevard
• Market: Los Angeles

The lease deal involves Penske Media Corp., led by Jay Penske, as the tenant and McCarthy Cook, represented by Thomas McCarthy, as the landlord.