Art deco Hollywood Citizen News building is sold
The former home of the Hollywood Citizen News newspaper, now an office building, has been sold for more than $14.5 million to Los Angeles investor SE Edinger.
Brentwood Capital Partners sold the two-story building at 1545 Wilcox Ave., said real estate broker Trevor Belden of Industry Partners.
Constructed in 1930, the art deco structure designed by architect Francis D. Rutherford was the production headquarters for the Hollywood Citizen News. The newspaper operated under various owners from the 1930s to the early 1970s.
The building, which is located between Hollywood and Sunset boulevards, underwent a multimillion-dollar renovation in 2006 to cater to the tastes of tenants in the media and entertainment industries. It has high ceilings, skylights, operable windows and patios on the second floor.
The 49,000-square-foot building was 94% leased at the time of sale to a variety of entertainment industry tenants, including Larson Studios and Partizan Entertainment, Belden said.
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