Hankey Investment Company And Barker Pacific Group Acquire Sunset Media Center In Hollywood For $61M

The property involved in this transaction is the Sunset Media Center, an office asset located at 6255 West Sunset Boulevard in Hollywood. The structure spans a total of 325,995 square feet and was sold at a price of $61 million, translating to approximately $187 per square foot. At the time of sale, the building was roughly 51% occupied.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $61,000,000
• Address: 6255 West Sunset Boulevard
• Market: Hollywood
• Square Footage: 325,995
• Price per Square Foot: $187
• Buyer: Mark Handin - Barker Pacific Group; Scott Dobbins & Don Hankey - Hankey Investment Company
• Seller: Angela M. Aman - Kilroy
• Brokers: Blake Stamato, Sam Baughman, Michael Kathrein & Adam Edwards - Eastdil Secured

This transaction involved Hankey Investment Company and Barker Pacific Group acquiring the property from Kilroy Realty. Eastdil Secured acted as the representative for the seller, while JLL is responsible for handling leasing for the buyers. This sale reflects Kilroy’s capital-recycling strategy, as opportunistic investors target discounted Class A office assets in Los Angeles.