(Credit: LoopNet and Yelp)
“There’s no business like faux business.”
That’s according to advertisements for the Faux Library Studio Props, a studio props company that specializes in arranging fake libraries for movies and television sets.
The company has leased an 89,500-square-foot building in North Hollywood in a deal valued at $5.6 million, according to a release from CBRE.
Located at 11501 Hart Street, the free-standing building includes 11,860 square feet of office space, in addition to expansive warehouse space.
Christopher McKenzie of Delphi Business Properties represented the tenant, which is relocating from a nearby property on Vose Street, also in North Hollywood. Matt Dierckman, Dave Harding, Greg Geraci and Billy Walk at CBRE represented the landlord, Lawrence Joselowsky.
The property has been in the hands of Joselowsky since 2004, property records show. It is unclear how much it sold for at the time.
North Hollywood is an attractive hub for companies that service the entertainment industry, given its proximity to major studios. Bento Box Entertainment — the animation studio behind “Bob’s Burgers” — recently renewed a five-year, 27,300-square-foot lease at a nearby office building on Lankershim Boulevard.
Source: The Real Deal Los Angeles