Kingsbarn Realty Capital has acquired a 116,000-square-foot building in Hollywood for $105 million, which houses Kim Kardashian's Skims Body shapewear company. This eight-story structure, located at 1601 Vine Street, marks the largest office deal this year in Hollywood and illustrates a trend of investors returning to quality office spaces. Skims signed a long-term lease until 2038, as part of a strategic move to enhance its brand presence. The building, previously unoccupied, was revamped to meet Skims' needs, reinforcing the demand for premier office environments, as highlighted by industry brokers.
Kingsbarn Realty Capital has successfully acquired a striking eight-story building in Hollywood for $105 million, currently housing Kim Kardashian's Skims Body shapewear brand.
This deal marks a significant moment in the Hollywood real estate market, representing the largest office transaction of the year, and a reflection of renewed investor confidence.
Top-tier tenants like Skims are shifting focus to high-quality office spaces, signaling an attractive investment opportunity for those looking to purchase premier properties at competitive rates.
The strategic move by Skims to lease the building until 2038 signifies their commitment to establishing a lasting presence in the Hollywood area, aligning with Kardashian's business consolidation plans.
Collection
[
|
...
]