New York Life purchases 205,286-sf office building in North Hollywood Arts District
New York Life Real Estate Investors, a subsidiary of New York Life Insurance Co., has purchased a 205,286-square-foot building in the North Hollywood Arts District for an undisclosed amount.
The class A office property located at 5161 Lankershim Blvd. features lounges, sleek private offices, a boardroom and two classrooms that can be combined to fit up to 80 people. It also offers secure bike storage, electric charging vehicle stations, a fitness center, parking garage, outdoor spaces and a tenant lounge.
New York Life Real Estate Investors purchased the property from Beacon Capital Partners, which provided major upgrades to common areas, building amenities and the outdoor patio area.
Located adjacent to the Media District and Universal City, the building is l