Sarah Staudinger & George Augusto Lease 45,000 Square Feet Office At 1041 North Formosa Avenue

The asset involved in this lease transaction is located at 1041 North Formosa Avenue in West Hollywood, CA. This office space encompasses 45,000 square feet and is situated within The Lot at Formosa, a historic creative campus owned by CIM Group, which includes major media and entertainment tenants. The property is specifically designed to foster a collaborative environment for creative brands and production-focused companies.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 1041 North Formosa Avenue
• Market: West Hollywood, CA
• Landlord: CIM Group
• Sub Landlord: Live Nation
• Tenant: Sarah Staudinger & George Augusto - Staud Office HQ
• Landlord's Rep: Chris Mongeulzo & Steve Kolsky - Newmark
• Tenant's Rep: Carly Geller & Jay Luchs - Newmark

The transaction was completed with the involvement of notable individuals including Sarah Staudinger and George Augusto, who are the founders of the fashion label Staud. They have leased this space for their new headquarters, marking a significant move for their brand within a creative hub designed for collaboration in the industry.