Oct. 3, 2012
-- King’s Arch Capital (kingsarch.com)
has completed the acquisition of 6515 W. Sunset Boulevard, a vacant 4-story office building located in prime Hollywood. The property is well situated adjacent to the historic Hollywood Athletic Club and in the heart of a rapidly emerging hub of cutting edge business and residential life.
The Beverly Hills based investment office said it has already begun a full scale renovation of the property and has enlisted an A-list team of consultants and contractors.
Heading up the design effort is the acclaimed Prescott Muir Architects (prescottmuir.com)
. They have been commissioned to give the building new creative vitality. True to the King’s Arch principal of civic mindedness, a key directive has been to incorporate the use of sustainable materials and practices. “The plan is to build class A creative office space geared towards media and tech oriented tenancy in a size range of 1,500 to 6,000 square feet. When it comes to this asset class, King’s Arch has a tried and true formula it is putting to work in Hollywood,” says Allen Shamooilian, a founding partner at King’s Arch. “We hope to close on two more similar opportunities in the short term.” Marketing for the leasing program is expected to begin early next quarter with delivery of spec and build to suit space in the following quarter.
King’s Arch is a multi-disciplinary real estate firm, with expertise in many facets of Real Estate including investment, property management, leasing, consulting, and community service. The firm excels in creating and adding value through investment, redevelopment and progressive management of real estate. The King’s Arch service paradigm provides a process of a ready capital base, a paramount understanding of creating value, and an ability to attract a quality tenant base and steady cash flow. The focus has been on projects that focus as much on the social benefits of community building, as they do on the economic returns. King’s Arch is committed to ensuring that our business is environmentally low-impact and provides a focus for community regeneration.