Hollywood’s Sunset Media Center Changes Hands for $61 Million

Read the full article on L.A. Business First.

Hankey Investment Co. and Barker Pacific Group acquired Sunset Media Center, a 326,000-square-foot Class A creative office tower at 6255 W. Sunset Blvd. in Hollywood, for $61 million.

“The profile of this acquisition perfectly reflects our desire to own well-located, high-quality office assets with strong in-place yields, at a fraction of replacement cost, with additional cash flow upside through lease-up,” said Mark Handin, managing principal at Barker Pacific Group.