Syracuse University has entered into a ~21,400-square-foot lease at 5250 Lankershim Boulevard, a newly renovated Class A office building in the heart of the North Hollywood Arts District (NoHo). The new space will be used for Syracuse University’s Los Angeles (SULA) program.
Syracuse University is the fourth tenant to call 5250 Lankershim Boulevard their home in the last 15 months. The others are tech-forward companies including a subscription streaming service, cloud consulting group, and a healthcare software platform. In total, these tenants represent about 32% of the building’s leasable space bringing total occupancy to 85%.
Situated between the retail intensive streets of Chandler and Magnolia Boulevards, 5250 Lankershim is a LEED Gold certified building delivering a modern design, floor-to-ceiling windows casting an abundance of natural light, unobstructed mountain views, ample parking, and access to numerous amenities within walking distance. The building is also located within a half block of the North Hollywood Metro Station which offers both rapid transit and bus transit connections.
DivcoWest and GPI Companies acquired 5250 Lankershim in 2021 and immediately undertook a substantial renovation focused on repositioning the nine story, 180,000 square foot office building to create a modern and vibrant workplace destination. The building features an indoor/outdoor lobby with a separate private furnished patio, upgraded elevator lobbies and corridors, and hospitality forward restrooms.
“We are thrilled to welcome Syracuse University to the DivcoWest family and help them realize their vision of a flagship film program on the West Coast. This partnership is a direct result of transparency and responsiveness. We believe the key to propelling our tenant partners forward is a strong focus on hospitality, relationships, and the creation of collaborative spaces to exchange ideas,” said Jared Crowley, Senior Director of Asset Management for DivcoWest.
JLL’s Anneke Greco, Danny Redell and Patrick Church oversee leasing at 5250 Lankershim and represented DivcoWest. Syracuse University was represented by Marty Barkan of CBRE.