Kith Signs 15-Year Lease At 8500 Sunset Boulevard, West Hollywood With Brokers Jay Luchs & Carly Geller
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Kith Signs 15-Year Lease At 8500 Sunset Boulevard, West Hollywood With Brokers Jay Luchs & Carly Geller
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Summary
Transaction Type:Lease
The retail asset located at 8500 Sunset Boulevard in West Hollywood has a total square footage of 17,250. The lease has been secured by Kith, a brand owned by Ronnie Fieg, for 15 years. The asset is managed by landlords Alexander Smith and Joey Cohen from Regal Ventures.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Term: 15 years
- Landlord: Alexander Smith and Joey Cohen - Regal Ventures
- Tenant: Ronnie Fieg - Kith
- Brokers: Jay Luchs & Carly Geller - Newmark
The new Kith flagship will feature dedicated rooms for men’s, women’s, and kids’ lines, as well as multi-brand apparel, footwear, and accessories. The store will introduce a VIP Studio with a custom audio system and an Apothecary for fragrance experiences. Additionally, Kith will launch the first Ronnie’s Pronto, offering grab-and-go breakfast and lunch options.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$573,193.97
Total Lease Value
$5,731,939.66
Net Landlord Cash Flow$573,193.97
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