PCCP’s investment into up-grading a four-story office building, located at 12020 Chandler Blvd. in North Hollywood – northeast of the Chandler and Laurel Canyon intersection – appears to be paying off.

The company, formerly known as Pacific Coast Capital Partners, sunk millions of dollars into painting the building and parking structure, installing new bathrooms, adding windows, upgrading landscaping, and refurbishing the lobby, elevator cabs and fire life safety systems.

The 126,151 square foot office building was ready for occupancy in April 2009. It’s already 50 percent leased and seems to be finding a niche with entertainment-type companies.

To date, PCCP has inked at least two major deals for the property. At the beginning of the year, ASI entertainment signed a 10-year, $6.5 million lease for 20,916 square feet of space. At the time of the transaction, the media research firm planned on moving into the first floor space during the third quarter of 2009.

In early December, Pilgrim Films