SAG-AFTRA, Long A Renter, Has Bought A New National Headquarters In The Valley For $46.6 Million
deadline.comSAG-AFTRA has bought an office building in the San Fernando Valley for $46.6 million that will serve as its new national headquarters.
Located at 12020 Chandler Blvd. in North Hollywood, the property features more than 118,000 square feet of commercial office space and includes the building on 1.22 acres and a nearby 0.71-acre vacant lot.
Up until now, SAG-AFTRA has been the only major Hollywood union that didn’t own its own headquarters. The old Screen Actors Guild – and now SAG-AFTRA – hadn’t owned their own national offices for 37 years and have been leasing at two different locations since 1986.
SAG-AFTRA president Fran Drescher said that “As National President, I began to investigate ways to diversify our investment portfolio and was surprised to learn we were the only entertainment industry union to not own our own headquarters versus paying large rents.
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