BEVERLY HILLS, Calif. — Playboy Enterprises Inc. plans on consolidating its Los Angeles-area editorial and marketing offices, agreeing to take 45,000 square feet in an office park adjacent to Beverly Hills' City Hall.
The move into the former Hilton Hotels headquarters (the hotel chain moved last year to Fairfax, Md.) is set to take place in May, and will make it an easier commute for Playboy's founder, Hugh Hefner — the new digs are just two miles from his mansion in Holmby Hills.
Playboy currently rents 12,400 square feet in nearby Santa Monica and 63,000 square feet in Glendale, which is about 15 miles away.
Playboy will occupy a floor and a half at a complex at 9336 and 9346 Civic Center Drive called "the Office at Beverly Hills." Lease terms were not disclosed, but the current landlord, Tishman Speyer, is asking for about $4 per square foot per month for space within the complex, according to real estate data provider CoStar Group.