The property asset involved in this transaction is an office space located at 9171 Wilshire Boulevard in the Beverly Hills market. This leased space encompasses a total area of 32,241 square feet spread across two floors within the redeveloped Wilshire & Palm building, designed specifically for tenants in the entertainment industry.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 9171 Wilshire Boulevard
• Market: Beverly Hills
• Asset Size: 32,241 square feet
• Landlord: Dennis Cruzan - Cruzan
• Tenant: Concord Music Company
• Landlord's Representative: Bryan Dunne & Daniel Rainer - JLL
• Tenant's Representative: Jeff Gerlach & Paul Haskin - CBRE

The lease agreement allows Concord Music Company to establish a creative workspace that aligns with its media-focused culture by the third quarter of 2025. The Wilshire & Palm building, reimagined by Cruzan, features modern amenities including a rooftop sky deck, collaboration areas, and high-tech listening rooms, catering specifically to the needs of entertainment industry tenants.