Playboy property acquired in West Hollywood

Apollo Real Estate Advisors sells office and retail complex
Published on Dec 22, 2006

Broadreach Capital Partners has acquired the Sunset Millennium office and retail complex on Sunset Boulevard in West Hollywood, Calif., for about $100 million. Broadreach Capital Partners bought the complex from Apollo Real Estate Advisors, Broadreach managing director David Simon announced. The Sunset Millennium complex includes the former Playboy Building -- a 10-story, 78,000-square-foot office tower built in 1963 and renovated in 2001. The tower is 100 percent occupied, predominantly by entertainment-industry companies, according to the announcement. Adjacent to the office tower is a 106,000-square-foot retail restaurant complex that includes two two-story retail buildings surrounding a single-story pavilion. Completed in December 2002, the retail center was 88 percent leased at the time of sale. The project also has a parking garage with 1,200 spaces. Broadreach Capital Partners is a real estate private equity firm that invests in commercial, mixed-use and land properties in t...

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