Oceanfront Offices Lease for $4M

SANTA MONICA, CA-Raleigh Enterprises signed a $4 million lease to remain for another six years in its 12,000 sf headquarters at the 100 Wilshire Blvd. building in Santa Monica.

David Kluth of Julien J. Studley Inc. tells GlobeSt.com that Raleigh, which has been based in Southern California for more than 45 years, had about a year left on its existing lease on the eighth floor at the 21-story, 245,000-sf office tower at the corner of Wilshire Boulevard and Ocean Avenue.

Raleigh operates one of the entertainment industry’s largest groups of independent film and television studios, plus hotels and vineyards.