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EMI-CAPITOL RECORDS
338 N. Foothill Avenue
Beverly Hills, California
60,000 sf

PROJECT TEAM
Gerald A. Porter
Matthew Miller
CresaPartners

CLIENT OBJECTIVES
Restructure lease in Beverly Hills for Virgin Records label and resolve several functionality issues in the space.

RESULT
Negotiated a seven-year lease renewal and achieved a projected $2.5 million savings over the term. Also negotiated substantial free rent to offset the cost of building improvements.

Additional Assignments
21700 Oxnard Street, Woodland Hills, CA
(EMI-Capitol)
50,000 sf
338 N. Foothill Avenue, Beverly Hills, CA
(Virgin Records, 2nd renewal - in progress)
60,000 sf
104 W. 29th Street, New York, NY
(Caroline Records - on hold)
11,000 sf
304 Park Avenue S., New York, NY (on hold)
10,000 sf
Malibu, CA (in process)
10,000 sf

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