Check Out CoStar’s Quarterly List of Market-Leading Deals and Dealmakers
Prominent retail leases signed by The Gathering Spot, WSS and BNDR Music Ltd. negotiated by top dealmakers from CIM and EOP Realty are among the second quarter retail leases recognized by CoStar.
As big ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. Beginning this year, CoStar is recognizing the largest leases completed each quarter and the dealmakers who made them happen in their respective market.
Here are the Los Angeles retail leases selected as the second quarter 2020 winners of the CoStar Power Broker Quarterly Deal Awards:
TOP LEASE: 7046 Hollywood Blvd., Los Angeles, CA
7046 Hollywood Blvd., Los Angeles, CA (CoStar)
Space Leased: 6,231 SF
Deal Type: New Lease
Sign Date: June 12, 2020
Size: 34,687 SF
Tenant: BNDR Music Ltd.
Brokers Involved: Brandon Cohan of CBRE represented both sides of the deal.
Deal Commentary: London-based BNDR Music Ltd. is opening its flagship restaurant and bar on the ground floor of Seventy46, a 42-unit apartment building that once housed the headquarters of the Academy of Motion Pictures Arts and Sciences and later home to the Screen Actor’s Guild. Founded in 2018, BNDR, a record label and music video streaming app that allows its subscribers to watch artists performing live in concert all around the world, is bringing a new concept to the United States by streaming its exclusive content of live music in its restaurant and bar. The 10-year lease is valued at roughly $3.25 million.