Newmark Arranges $105 Million Sale of Skims Headquarters Office Building in Hollywood, California
Newmark Group (NMRK) has successfully brokered the $105 million sale of 1601 Vine, a Class A office building in Hollywood, Los Angeles. The 115,589-square foot property is fully leased with Skims Body, Inc. as the anchor tenant. The building, originally delivered in 2017 and renovated in 2024, was sold by Snyder Vine, to Kingsbarn Realty Capital.
The property features premium amenities including high-volume ceilings, limestone lobby, floor-to-ceiling windows, executive suites, and on-site photography studios. Located along the Hollywood Walk of Fame with a Walk Score of 98, the building benefits from its prime location in an area that has attracted over $6 billion in investment over the last decade.
Skims has committed to a 15-year lease, demonstrating a strong commitment to maintaining physical workspace for collaboration and innovation in the apparel industry.
Newmark Group (NMRK) ha concluso con successo la vendita di 1601 Vine, un edificio per uffici di Classe A a Hollywood, Los Angeles, per 105 milioni di dollari. La proprietà di 115.589 piedi quadrati è completamente affittata con Skims Body, Inc. come inquilino principale. L'edificio, consegnato originariamente nel 2017 e ristrutturato nel 2024, è stato venduto da Snyder Vine a Kingsbarn Realty Capital.
La proprietà offre servizi di alta qualità, tra cui soffitti alti, una lobby in pietra calcarea, finestre dal pavimento al soffitto, suite executive e studi fotografici in loco. Situato lungo l'Hollywood Walk of Fame con un punteggio di 98 nella Walk Score, l'edificio beneficia della sua posizione privilegiata in un'area che ha attratto oltre 6 miliardi di dollari di investimenti nell'ultimo decennio.
Skims ha impegnato un contratto di locazione di 15 anni, dimostrando un forte impegno nel mantenere spazi di lavoro fisici per la collaborazione e l'innovazione nell'industria dell'abbigliamento.
Newmark Group (NMRK) ha negociado con éxito la venta de 1601 Vine, un edificio de oficinas de Clase A en Hollywood, Los Ángeles, por 105 millones de dólares. La propiedad de 115,589 pies cuadrados está completamente alquilada, teniendo a Skims Body, Inc. como inquilino principal. El edificio, entregado originalmente en 2017 y renovado en 2024, fue vendido por Snyder Vine a Kingsbarn Realty Capital.
La propiedad cuenta con comodidades premium, incluyendo techos altos, un vestíbulo de piedra caliza, ventanas de piso a techo, suites ejecutivas y estudios fotográficos en el lugar. Ubicado a lo largo del Hollywood Walk of Fame con una puntuación de 98 en Walk Score, el edificio se beneficia de su ubicación privilegiada en una zona que ha atraído más de 6 mil millones de dólares en inversiones en la última década.
Skims se ha comprometido a un contrato de arrendamiento de 15 años, demostrando un fuerte compromiso con el mantenimiento de espacios de trabajo físicos para la colaboración y la innovación en la industria de la moda.
뉴마크 그룹 (NMRK)는 로스앤젤레스 할리우드의 1601 Vine라는 A급 오피스 빌딩의 1억 500만 달러 매각을 성공적으로 중개했습니다. 115,589 평방피트의 이 부동산은 Skims Body, Inc.가 주요 세입자로 완전히 임대되었습니다. 이 건물은 원래 2017년에 완공되었고 2024년에 개조되었으며, 스나이더 바인(Snyder Vine)에서 킹스반 리얼티 캐피탈(Kingsbarn Realty Capital)로 판매되었습니다.
이 부동산은 높은 천장, 석회석 로비, 바닥에서 천장까지 이어지는 창문, 임원 스위트 및 현장 사진 스튜디오 등 프리미엄 편의 시설을 갖추고 있습니다. 할리우드 명예의 거리(Hollywood Walk of Fame)를 따라 위치해 있으며, 워크 스코어(Walk Score)가 98인 이 건물은 지난 10년 동안 60억 달러 이상의 투자를 유치한 지역의 주요 위치에서 혜택을 보고 있습니다.
Skims는 15년 임대 계약을 체결하여 의류 산업에서 협업과 혁신을 위한 물리적 작업 공간을 유지하려는 강력한 의지를 보여주고 있습니다.
Newmark Group (NMRK) a réussi à conclure la vente de 1601 Vine, un immeuble de bureaux de classe A à Hollywood, Los Angeles, pour 105 millions de dollars. La propriété de 115 589 pieds carrés est entièrement louée avec Skims Body, Inc. comme locataire principal. L'immeuble, initialement livré en 2017 et rénové en 2024, a été vendu par Snyder Vine à Kingsbarn Realty Capital.
La propriété dispose d'équipements haut de gamme, notamment des plafonds hauts, un hall en pierre calcaire, des fenêtres du sol au plafond, des suites exécutives et des studios photo sur place. Situé le long du Hollywood Walk of Fame avec un score de marche de 98, l'immeuble bénéficie de son emplacement privilégié dans une zone qui a attiré plus de 6 milliards de dollars d'investissements au cours de la dernière décennie.
Skims s'est engagé à un bail de 15 ans, démontrant un fort engagement à maintenir des espaces de travail physiques pour la collaboration et l'innovation dans l'industrie de l'habillement.
Newmark Group (NMRK) hat erfolgreich den Verkauf von 1601 Vine, einem Bürogebäude der Klasse A in Hollywood, Los Angeles, für 105 Millionen Dollar vermittelt. Die 115.589 Quadratfuß große Immobilie ist vollständig vermietet, mit Skims Body, Inc. als Hauptmieter. Das Gebäude wurde ursprünglich 2017 geliefert und 2024 renoviert und wurde von Snyder Vine an Kingsbarn Realty Capital verkauft.
Die Immobilie bietet erstklassige Annehmlichkeiten, darunter hohe Decken, eine Lobby aus Kalkstein, bodentiefe Fenster, Executive Suiten und Fotostudios vor Ort. Das Gebäude liegt entlang des Hollywood Walk of Fame und hat eine Walk Score von 98, was ihm zugutekommt, da es sich in einem Gebiet befindet, das in den letzten zehn Jahren über 6 Milliarden Dollar an Investitionen angezogen hat.
Skims hat sich zu einem 15-jährigen Mietvertrag verpflichtet, was ein starkes Engagement für die Aufrechterhaltung physischer Arbeitsräume für Zusammenarbeit und Innovation in der Bekleidungsindustrie zeigt.
- 100% occupancy with long-term anchor tenant (15-year lease)
- Prime location in area with $6 billion investment over last decade
- Successfully closed significant $105M transaction in challenging office market
- Recently renovated (2024) Class A building
- High exposure to single tenant (Skims) concentration risk
- Office sector faces broader market challenges despite property quality
Insights
Newmark's
This transaction carries several positive indicators for Newmark's business trajectory. First, the deal highlights Newmark's continued strength in facilitating major institutional transactions despite broader office market headwinds. Second, the 100% occupancy with a long-term anchor tenant underscores Newmark's focus on premium assets with stable income profiles—the exact property type institutional investors currently favor.
The commentary about "renewed conviction in high-quality office investments" signals a potential inflection point for specific segments of the office market. Newmark appears well-positioned to capitalize on this selective recovery trend with its institutional relationships and capabilities handling trophy assets. While a single transaction doesn't materially impact quarterly results, the strategic significance is substantial for Newmark's market positioning and pipeline development.
The involvement of multiple senior Newmark executives, including the Co-Head of U.S. Capital Markets and Co-President of Global Debt & Structured Finance, demonstrates the firm's ability to deploy cross-functional teams for complex transactions—a competitive advantage for winning mandates on premium assets.
This
Particularly noteworthy is Newmark's integrated service approach, combining capital markets expertise with debt and structured finance capabilities. This full-service execution demonstrates the company's ability to maximize transaction value through comprehensive advisory, creating competitive differentiation when pursuing high-value assignments.
The Hollywood submarket positioning is strategically significant. With
Beyond the immediate transaction, this deal reflects Newmark's alignment with two crucial market themes: the flight to quality in office investments and the value of specialized headquarters facilities for design-centered companies. This strategic alignment positions the firm favorably for similar mandates as institutional capital continues its selective re-entry into premier office assets.
Newmark Co-Head of
"Capital is showing renewed conviction in high-quality, 2025-vintage office investments," said Shannon. "Top-tier tenants like Skims are prioritizing best-in-class buildings, and contrarian investors are capitalizing on the opportunity to acquire premier office product below replacement cost with historically attractive cap rates."
Stumm added, "Skims' long-term commitment to 1601 Vine reflects a broader return-to-office trend. For Skims, in-person collaboration is essential—especially in a tactile, design-led industry like apparel. Their 15-year lease signals a strong belief in the long-term value of a physical workspace to foster creativity, culture and innovation."
Delivered in 2017 by JH Snyder Company, the property was extensively renovated in 2024 to deliver a truly world-class headquarters for Skims. The property features high-volume ceilings, a limestone lobby with terrazzo flooring, floor-to-ceiling windows offering panoramic views of
1601 Vine is located along the Hollywood Walk of Fame, at the heart of the entertainment capital of the world.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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