UTA will move into its new Beverly Hills headquarters in late 2012, after finalizing its long-term lease for roughly 120,000 square feet at 9336-9346 Civic Center Drive.
The Hollywood Reporter first reported on Nov. 9 that the talent agency was closing a deal for a 15-year lease with landlord Tishman Speyer, a New York-based developer. UTA is currently headquartered at 9560 Wilshire Blvd.
The Civic Center Drive property is undergoing an extensive $30 million renovation; it was previously the headquarters of Hilton Hotels. UTA will be the sole tenant in the 9336 Civic Center Drive building and occupy part of the 9346 building.
UTA will begin a “multi-million dollar interior and exterior build-out” of its offices there early next year, according to a press release issued Tuesday by the agency. Noted architectural and design firm Rottet Studio will build out the offices; the company’s Richard Riveire and Lauren Rottet will lead the effort. UTA’s new offices will include a 150-seat screening room and private outdoor space.
The deal is a coup for the city of Beverly Hills, which has sought to retain both UTA and fellow talent agency WME since CAA and ICM decamped for Century City in the past decade. UTA will have a notable neighbor at the Civic Center Drive property: Playboy Enterprises Inc., which last week agreed to lease 45,000 square feet there.
UTA COO Andrew Thau, Michael DeSantis of commercial real estate brokerage Cushman & Wakefield and attorney Andrew Friedman of Friedman & Associates represented the agency in the lease deal.