CIM Commercial Trust Corporation has signed a long-term lease with Lisson Gallery for the entire approximately 5,000-square-foot building at 1037 North Sycamore Ave. in Los Angeles.
Established in 1967, Lisson Gallery is one of the most influential and longest-running international contemporary art galleries in the world, with locations in London, New York and Shanghai. The space at 1037 North Sycamore will serve as Lisson Gallery’s first location in Los Angeles, and is anticipated to open this fall.
“We’re thrilled to be opening a gallery in L.A. The city has produced such an amazing lineage of artists over the decades, and I hope that we can help add to the rich texture of the landscape. Many of our artists have never had exhibitions on the West Coast or haven’t shown in decades. Bringing our artists’ work to a new public audience is one of the most important things we do, I can’t wait to welcome everyone to our space and to our vibrant group of artists,” said Alex Logsdail, CEO, Lisson Gallery.
1037 N. Sycamore is a standalone two-story industrial building featuring 25-foot clear height, bow truss ceilings and a dedicated parking lot. Located on Sycamore Avenue between Santa Monica Boulevard and Romaine Street, the area now known as the Sycamore District is home to several media and entertainment businesses, specialty retail and restaurants such as SiriusXM, RocNation, Just One Eye, Jeffrey Deitch, Tartine, Gigi’s and Sightglass.
The emerging Sycamore District blends the adaptive reuse of existing architecturally distinct buildings, like 1037 N. Sycamore, with new construction that has brought apartments, creative office, and specialty retail space to the area. Adding to the neighborhood’s appeal is its position within the southern portion of historic Hollywood, adjacent to West Hollywood and central to the greater Los Angeles metropolitan area.
“Lisson Gallery’s decision to debut in Los Angeles in the Sycamore District is a testament to the desirability of the repositioned industrial architecture that is well-suited to the arts, as well as this vital, emerging neighborhood. We believe Sycamore is the newest Los Angeles destination for media, art, and culture, that is equally attractive to businesses and residents as it offers a walkable urban environment with a commitment to world class design and architecture,” said Shaul Kuba, director and board Member, CMCT and co-founder and principal, CIM Group.
CMCT acquired 1037 N. Sycamore in July 2021 in an off-market transaction and has overseen renovations of the facilities which are anticipated to be completed later this year.
