Ticketmaster is set to relocate to the huge under-construction Courtyard Building at The Lot office complex, the largest lease by square footage in the West Hollywood and Hollywood area.
The terms of the deal with real estate firm CIM Group were not disclosed.
The Live Nation-owned ticketing giant will take up all 98,000 square feet in November 2020.
The deal marks the largest lease by square footage in the West Hollywood and Hollywood areas in 2019, and it ranks as one of the 20 largest leases in L.A. County since January, CoStar reported.
It will be moving from its currently leased Hollywood space, which includes the property at 7060 Hollywood Boulevard.
The Lot campus includes both studio and office space, with other tenants at the two existing buildings including fellow media companies like Oprah Winfrey’s OWN Network, actor Will Ferrell’s Funny or Die production company, and Showtime Networks, which signed for 50,000 square feet in January.
Live Nation signed a lease at the end of 2018 to move into a 95,000-square-foot redeveloped post office at 325 N. Maple Drive in Beverly Hills.
Image: CIM Group