Gagosian Leases Former Masonic Temple on Wilshire Boulevard

The gallery of art dealer Larry Gagosian has signed a lease for a chunk of the former Marciano Art Foundation building on Wilshire Boulevard.

Gagosian leased the 13,000-square-foot Grand Theater Gallery on the first floor of the building, which dates from the early 1960s and was originally a Masonic Hall, according to Variety. The owners are fashion moguls Paul and Maurice Marciano.

The lease more than doubles Gagosian’s footprint in Los Angeles — the gallery’s only other L.A. location is a 12,000-square-foot spot in Beverly Hills. Gagosian operates five locations in New York.

The 90,000-square-foot former Masonic temple was built in 1961 and designed by Millard Sheets, who once was the director for the Otis Art Institute.

The building has a marble and travertine façade with a large mosaic on one side. There are also 14-foot-tall travertine sculptures depicting the history of the Freemasons organization, according to Variety.

The Marcianos bought the hall in 2013 for $8 million and opened the Marciano Art Foundation four years later. They closed the foundation last November after employees attempted to unionize.

The building hit the market for $13.9 million but was delisted and put up for rent.

 

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!