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Entertainment Union Buys Property for HQ

BURBANK, CA-The Aftra-SAG Federal Credit Union acquires a 17,000-sf office building and a nearby land parcel for $4.5 million to relocate its corporate headquarters and build a fourth branch.

By Bob Howard | Updated on November 15, 2002

BURBANK, CA-The AFTRA-SAG Federal Credit Union has acquired a 17,000-sf office building and a nearby parcel of land from Lawyers Mutual Insurance Co. for $4.5 million as part of a plant to relocate the credit union’s headquarters and build a fourth branch.

The three-story redwood office building that the union acquired is at 134 N. Kenwood St. and served as Lawyers’ corporate headquarters since 1986. According to Robert Erickson of Cushman & Wakefield, who along with Brad Feld represented the buyer, Aftra-SAG will move its administrative offices to the Burbank building from its current location at 12711 Ventura Blvd. in Studio City. The non-profit credit union plans to build its fourth branch on a 15,126-sf square-foot parcel of land at 3820 Riverside Drive near the Kenwood Street office building. Its three other branches are in Hollywood, Los Angeles and Studio City.

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