The Koll Co. said Monday it has purchased a 10-story office building in Beverly Hills for $2.1 million and will name it in honor of United Artists, which will lease the structure's two top floors for its corporate headquarters. The 100,000-square-foot building was purchased from Beverly Hills Federal Savings & Loan Assn.
A spokesman for the Koll Co. said the purchase price paid by the Newport Beach developer included an adjoining five-level parking garage.
Company officials said that with the United Artists lease, the building's occupancy rate jumped from 38% to 70%. Koll said it expects the building to be 85% full by the end of 1985. During the last year, Kgll has made 15 acquisitions totaling 2 million square-feet. The Irvine-based construction and building management company owns and manages 17 million square feet of commercial space on the West Coast.