Rare Campus Comes Up for Lease

San Fernando Valley Business Journal

OPI’s exit will vacate 21 industrial buildings on 11 acres.

Chad Gahr & David YOungNow that nail polish manufacturer OPI Products Inc. is poised to leave its vast North Hollywood campus, the question is, who and what will take its place?

Finding the answer is the job of Chad Gahr and David Young, senior vice presidents of commercial real estate brokerage NAI Capital Inc. in Encino. The team is in charge of leasing out all 21 buildings – totaling 195,000 square feet – and the 11 acres they sit on to a single tenant. Or two, if necessary.

While a tenant could sublease some of that space to others, the type of company big enough to rent such a property may say a lot about the changing landscape
of the Valley economy.

Continue Reading >>>