Old WB building sold for $110M

Movie production company inks deal

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KBS Realty Advisors recently acquired a 301,000-square-foot office building in New York City for $110 million. The building, located at 619 W. 54th St. between 11th Avenue and the Westside Highway, was fully leased at the time of sale to 10 tenants. ARRI, a German-based movie camera production company, who inherited the building when it purchased CSC (a U.S.-based movie camera production company, sold the property. Built in 1930 for Warner Brothers Pictures, the building includes 21 surface parking spaces. ...