Newmark Facilitates $105 Million Sale of Skims' Office Headquarters in Hollywood
Newmark Facilitates Impressive Office Sale
On April 2, 2025, Newmark Group, Inc. announced the arrangement of a significant sale in the commercial real estate market: a stellar Class A office building at 1601 Vine, Hollywood, was sold for an impressive $105 million. With a sprawling area of 115,589 square feet, the building is fully leased and is home to Skims Body, Inc., a leading name in the fashion industry.
Newmark's renowned team, which included co-head of U.S. Capital Markets Kevin Shannon and Executive Vice Chairman Alex Foshay, represented the seller, Snyder Vine, LLC. The acquisition was made by Kingsbarn Realty Capital, with additional support from Newmark's debt and financing experts Jonathan Firestone and Henry Cassiday as the deal progressed.
The acquisition reflects a broader sentiment in the current real estate landscape, where capital is showing a renewed confidence in high-quality office investments that are relatively new on the market. According to Shannon, “Top-tier tenants like Skims are prioritizing best-in-class buildings,
Topics Other）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.