William Morris Agency Sells Headquarters

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William Morris Agency, the century-old talent firm that has represented generations of movie stars and other artists, has bucked a tough real estate market and sold its Beverly Hills headquarters complex for $143 million to a consortium led by South American investors.

The price amounted to $783 a foot, about twice the average price of an upscale Los Angeles office building. But the buyers, a partnership consisting of Cape Horn Group of Chile and Lincoln Property Co. in Dallas, aren’t complaining.

William Morris said that it would stay at its current site as a tenant until 2010, when it expects to move into an environmentally friendly building under construction on nearby North Beverly Drive. The three-building complex, dating to the early 1950s, holds down a prestigious corner near the intersection of Wilshire Boulevard and Rodeo Drive and hasn’t been on the market before.


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