Skims Headquarters in Hollywood Trades for $105 Million
Newmark has successfully arranged the $105 million sale of 1601 Vine, a premier Class A office building in the heart of the Hollywood submarket of Los Angeles. The 115,589-square-foot property is fully leased and anchored by Skims Body, Inc., the shapewear and apparel company co-founded by Kim Kardashian.
The transaction was managed by an experienced team from Newmark, including Kevin Shannon, Co-Head of U.S. Capital Markets; Alex Foshay, Executive Vice Chairman and Head of International Capital Markets; Ken White, Rob Hannan, Laura Stumm, and Michael Moll, all Vice Chairmen; Bill Bloodgood, Executive Managing Director; and Alex Bergeson, Director. The seller was Snyder Vine, LLC, and the buyer in the deal was Kingsbarn Realty Capital.
Jonathan Firestone, Co-President of Global Debt & Structured Finance, and Henry Cassiday, Director, supported the deal with expertise in debt strategy and financing.
“Capital is showing renewed conviction in high-quality, 2025-vintage office investments,” said Kevin Shannon. “Top-tier tenants like Skims are prioritizing best-in-class buildings, and contrarian investors are capitalizing on the opportunity to acquire premier office product below replacement cost with historically attractive cap rates.”
The sale underscores ongoing investor interest in trophy office properties that are backed by strong tenants and located in vibrant, amenity-rich neighborhoods.
