Magazine Publisher Inks $20M Lease

LOS ANGELES, CA-Advance Magazine Publishers Inc., parent company of Condé Nast Publications, has signed a 10-year, $20 million lease for 71,179 sf of office space at 6300 Wilshire Blvd., according to brokers from Insignia/ESG who represented the publishing company.

The lease expands the publishing firm’s office space from its former 66,849 sf in the 6300 Wilshire building, according to Insignia’s Clay Hammerstein, Chris Houge and Gregory Tosko, who represented the tenant in cooperation with Mary Ann Tighe of CB Richard Ellis.

Advance Magazine Publishers Inc. is a privately held communications company that owns Condé Nast Publications, Parade Publications, Fairchild Publications, and the Golf Digest Cos. The Conde Nast publications include Architectural Digest, Glamor, Bride’s, Modern Bride, Self, GQ, Vanity Fair, Gourmet, Bon Appetite, Condé Nast Traveler, Allure, House & Garden, Wired, Lucky, and The New Yorker.

Greg May of Transwestern Commercial Services represented the landlord, 6300 Wilshire Associates.