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CBRE Brokers 21,377 SF Lease For Syracuse University At 5250 Lankershim Blvd

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LEASED
$35

California

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Office21,377 SF
Leased 05/08/2023
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LEASED

CBRE Brokers 21,377 SF Lease For Syracuse University At 5250 Lankershim Blvd

5250 Lankershim Blvd North Hollywood, CA 91601, USA

See Similar Deals
Office21,377 SF
Leased 05/08/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:21,377 SF
Transaction Type:Lease

Cushman & Wakefield has facilitated a lease between Syracuse University and divcowest'>DivcoWest at 5250 Lankershim Boulevard in North Hollywood, California. This nine-story office building will be home to Syracuse University's expanding SU in LA semester programs for students in The S.I. Newhouse School of Public Communications and The College of Visual & Performing Arts. The university will occupy the full fourth floor of the building, totaling 21,377 square feet. The lease is set to commence in fall 2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Asking Rent: $35/ft.
  • Square Footage: 21,377
  • Address: 5250 Lankershim Boulevard
  • Market: North Hollywood

JLL's Patrick Church and Anneke Greco represented the landlord, divcowest'>DivcoWest, in the lease transaction. Marty Barkan from CBRE acted as the tenant's representative, assisting Syracuse University in securing the space.

Players

Marty Barkan
2 deals$11.6M volume
BROKER



DivcoWest
LENDER

DivcoWest
LANDLORD

Details

LEASED
IMAGE: Anneke Greco, Patrick Church & Marty Barkan DATE: 05/08/2023 ADDRESS: 5250 Lankershim Boulevard MARKET: North Hollywood ASSET TYPE: Office LANDLORD: DivcoWest TENANT: Syracuse University LANDLORD'S REP: Patrick Church & Anneke Greco - JLL TENANT'S REP: Marty Barkan - CBRE ASKING RENT: $35/ft. ~ SF: 21,377 NOTE: CBRE has brokered a 21,377-square-foot lease for Syracuse University (SU) at 5250 Lankershim Boulevard in North Hollywood, California. SU will occupy the full fourth floor of the nine-story office building starting in fall 2023, using the space to house its expanding SU in LA semester programs for students in The S.I. Newhouse School of Public Communications and The College of Visual & Performing Arts, which offer industry-related courses and internships with media companies.

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Deal Type
Effective Rent (Annual)

$857,721.72

Total Lease Value

$8,577,217.18

Net Landlord Cash Flow$857,721.72