Former Site of Kerkorian Headquarters Is in Escrow.

The Beverly Hills office building developed by and formerly occupied by billionaire Kirk Kerkorian and his Tracinda Corp. is about to change hands.

Clarity Realty Partners is in escrow to buy the 108,000-square-foot building at 9333 Wilshire Blvd. from J.P. Morgan for $37 million, sources said.

Built in 1989, presumably as headquarters for Metro-Goldwyn Mayer Inc., the building was occupied for a couple of years by Kerkorian and Tracinda staffers, before it was sold to J.P. Morgan.

The building includes executive patios, a state-of-the-art screening room and numerous courtyards. Top-notch interior improvements were made in 1997 for PolyGram Filmed Entertainment's corporate headquarters.

After Universal Studios Inc. acquired PolyGram, Universal hired a team from Julien J. Studley Inc. to dispose of its lease, which covered the entire building. The team not only succeeded, but managed to land a high-priced sales deal, at about $340 per square foot.

The building has been pretty much empty since Universal moved its PolyGram employees to Arboretum Gateway and to Universal City, although USA Films still occupies one floor.

Clarity is led by Steve Rader, founding partner of Rader Reinfrank & Co., which manages an L.A.-based private equity fund. The firm plans to occupy the top floor of the four-story building.

Representing the parties in the complex, three-way transaction were Peter Best of Trammell Crow Co. for J.P. Morgan; Paul Stockwell, Seth Dudley, Mike Catalano and Will Adams of Studley for Universal; and Bruce Rothman and George Thompson of KOAR Institutional Advisors for Clarity.