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The two-building BA/SE creative office campus in Hollywood. Image courtesy of CommercialEdge
Verve Talent & Literary Agency signed a 53,000-square-foot lease with Lincoln Property Co. at BA/SE, a creative office campus in Los Angeles’ Hollywood submarket. The tenant will relocate its global headquarters to the LEED Gold Core & Shell-certified office building by the end of the next month.
The transaction marks one of the largest office leases of this year within the Los Angeles metro. Lincoln Property Co.’s Senior Vice President Kent Handleman and Vice President Douglas Brown represented the owner in-house, while CBRE’s Vice Chairman Jeff Pion worked on behalf of the new tenant.
Verve will become an anchor tenant at the Class A office campus. Part of its Global Corporate Solutions Group, Lincoln’s project management team will be in charge of tenant build-out at Verve’s new headquarters.
Completed in 2015, the campus comprises two separate structures: the 118,093-square-foot East Building and the 129,610-square-foot West Building. Lincoln Property acquired the campus in a $186 million portfolio transaction in 2020, according to CommercialEdge data. The same source shows that Invesco Real Estate provided the $140 million acquisition loan.
A newly upgraded office campus
BA/SE features floor-to-ceiling glass, passenger elevators, private screening rooms, high ceilings and concrete floors, on-site showers, electrical vehicle charging stations, bike parking, controlled access and approximately 729 parking spaces. The buildings received Energy Star and WELL Healthy Safety ratings.
Upon the purchase of the campus, the new owner executed an improvement plan which included the renovation of the exterior of the buildings, the addition of outdoor patios, gathering areas, dining options and seating areas, among other amenities.
The campus’ buildings are located at 6555 Barton St. and 959 Seward St., respectively, in the Hollywood Media District. BA/SE is across the street from the Sunset Las Palmas Studios and near Route 101, which provides easy access across the Los Angeles metropolitan area.
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