The Alexandria, VA-based InSite, a subsidiary of the 15-year-old InSite Wireless Group, LLC, closed on its deal for Poole Tower Complex on Los Angeles’ famous Mt. Wilson on November 24. The complex was one of the last family-owned sites to operate at Mt. Wilson, the most famous multi-tower broadcasting location in the United States, notes Bob Heymann, of Media Services Group/Chicago, who served as the exclusive broker in the deal representing Poole Properties, Inc. “This is beachfront property for broadcasters,” Heymann told Inside Towers.
Rising nearly 6,000 feet above Los Angeles with a sweeping view of the Pacific Ocean, the 60-plus-year-old Poole Tower Complex was developed by legendary LA broadcaster John H. Poole when he was granted the first commercial UHF television construction permit in LA for KBIK/Channel 22 in 1952. The following year the station changed its call letters to KBIC-TV, and in 1959 the TV station moved to the complex. Today, iHeartMedia’s KBIG-FM and KYSR-FM, MundoFOX 22 KWHY-TV and KXOS-93.9 FM are among the broadcast tenants along with other wireless communications companies.
Financial details of the sale were not disclosed.
InSite Wireless Group, LLC is one of the largest privately owned tower and wireless infrastructure companies in the U.S. and operates more than 20 major DAS venues nationwide and more than 1,200 telecommunications towers and sites for wireless carriers across the U.S., Puerto Rico, the U.S. Virgin Islands, and Canada.
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