United Talent Agency Solidifies Presence with Long-Term Headquarters Renewal at Iconic Beverly Hills Plaza
Beverly Hills,In a significant move underscoring its commitment to its historic base of operations, United Talent Agency (UTA), a premier global talent agency, has successfully renewed its long-term headquarters lease at the prestigious UTA Plaza in Beverly Hills. The announcement was made today by DivcoWest, a leading commercial real estate investment firm operating under the umbrella of DivCore Capital and the current owner of the property.
The renewed lease ensures that UTA will continue to anchor its operations within the distinctive 192,000 square foot (s.f.) two-building office campus, located at 9336-9346 Civic Center Drive. This commitment secures the agency’s physical location in a prime Los Angeles area for the foreseeable future, maintaining a powerful symbol of the agency’s influence within the entertainment and cultural landscape.
A Partnership Built on Value
The successful negotiation and execution of the long-term renewal highlight the enduring partnership between the real estate owner and the world-class tenant. DivcoWest, which acquired the property in 2018, expressed considerable satisfaction with the outcome.
Costa Petrunoff, Managing Director-Investments at DivcoWest, commented on the significance of the renewal: “UTA has been a valued tenant since we acquired the building in 2018, and we are extremely pleased to continue this important relationship as their real estate partner in Los Angeles. This extension is a testament to the quality of UTA Plaza as a premier office campus and reflects the stable demand for strategically located, high-caliber commercial space in the Beverly Hills market.”
For DivcoWest, a firm renowned for its long-standing relationships and institutional approach to real estate in innovation markets, retaining a tenant of UTA’s stature validates its investment strategy and the quality of its managed assets. The continuity of this relationship provides stability and long-term value for the property portfolio managed by DivCore Capital.
UTA Plaza: The Hub of Global Talent
UTA Plaza serves as the central operational hub for United Talent Agency, housing the critical divisions that drive the agency’s global success. From this Beverly Hills headquarters, the agency manages its leading representation divisions, including:
- Filmed Entertainment: Guiding the careers of top actors, directors, writers, and producers in film and television.
- Music: Managing the careers and touring schedules of global musical artists.
- Creators: Representing a burgeoning roster of digital and social media influencers.
- Sports: Expanding the agency’s reach into the world of professional athletics.
Since its founding over three decades ago, UTA built its reputation on a revolutionary client-first approach. This model is defined by innovation, deep collaboration across different media sectors, and highly customized representation strategies. The agency represents a diverse array of talent, ranging from global icons and established legends to the most promising next-generation stars across entertainment, sports, creators, and broader culture.
The initial success of UTA in the traditional spheres of film and television laid the groundwork for its current diversified, dynamic business model. Today, its integrated capabilities seamlessly span multiple verticals, including film and TV production, music, digital creators, sports management, brand partnerships, news, publishing, speakers, and live theater. The Beverly Hills headquarters is the crucial nucleus connecting UTA’s network of offices across the U.S. and the U.K.
Architectural Significance of the Campus
The physical structure of UTA Plaza itself is a prominent fixture in the Beverly Hills commercial landscape. Built in 1985, the campus is characterized by its two distinct four-story, granite-clad office buildings. These buildings are uniquely connected by an elevated skybridge, creating a cohesive and integrated workspace. The property is further enhanced by an expansive outdoor plaza area and convenient underground parking facilities, contributing to a premium tenant experience.
UTA has held an exclusive tenure over the property, having served as the sole tenant since 2011 and occupying the entire 192,000 s.f. of commercial space. The renewal secures this unique single-tenant occupancy, allowing the agency to maintain control over its environment and tailor the space precisely to its evolving corporate and creative needs.
The Corporate Strength Behind the Deal
The agreement is also a reflection of the strength of the parties involved.
DivcoWest, A DivCore Capital Company, was founded in 1993 by Stuart Shiff. Headquartered in San Francisco, with key offices in Beverly Hills, Cambridge, and other innovation markets, the firm is known for combining entrepreneurial agility with institutional rigor. DivcoWest actively focuses on creating environments that inspire ingenuity and enhance well-being. Since its inception, the firm and its predecessor entities have acquired approximately 61 million square feet of commercial space, holding a diversified real estate portfolio that spans office, R&D, lab, industrial, retail, and multifamily sectors, primarily throughout the United States.
DivCore Capital provides the overarching institutional structure, managing approximately $31 billion in total assets on behalf of institutional investors. This capital management is executed through its two core real estate platforms: DivcoWest (the private equity real estate arm) and LoanCore Capital (a specialized lender).
The renewal of the long-term lease at UTA Plaza is a strategic victory for both parties: securing a stable, long-term asset for DivcoWest and confirming UTA’s sustained commitment to its iconic, dedicated Beverly Hills headquarters as it continues to drive global talent representation and cultural innovation.
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