Leasing Activity
Large transactions completed in the last 90 days include:
Downtown Los Angeles
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Sheppard Mullin Richter & Hampton LLP inked a 10-year, 186,000 s.f. renewal at 333 South Hope Street.
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Lord Bissell & Brook inked a 12-year, 44,000 s.f. renewal at 300 South Grand Avenue.
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Library Square Associates executed a six-year, 28,826 s.f. renewal at 633 West Fifth Street, Los Angeles.
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Analytic Investors signed a 10-year, 24,774 s.f. transaction at 555 West 5th Street in Los Angeles.
West Los Angeles
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Ares Management executed a 10-year, 70,000 s.f. transaction at 2000 Avenue of the Stars in Los Angeles.
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Gorilla Nation inked a 24,478 s.f. transaction at 5150 West Goldleaf in Marina del Rey.
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Gravity Interactive executed a 21,775 s.f. transaction at 4499 Glencoe Avenue in Marina del Rey.
South Bay
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CCH/Wolter Kluwer signed a 67,000 s.f., 13-year transaction at 20101 Hamilton Avenue in Torrance.
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AT&T executed a 37,000 s.f. lease for five and a half years at 10610 Western Avenue in Los Angeles.
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Launchpad Communications executed a five-year, 27,000 s.f. lease at 9800 La Cienega in Los Angeles.
Building Sales
Building sales of note for the quarter:
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12100 Wilshire Boulevard (348,000 s.f., Class A Suburban) was acquired by Hines Interest for approximately $230 million ($661/s.f.).
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Cornerstone Plaza (166,325 s.f., Class A Suburban), situated on 1990 Bundy Drive, was bought by Douglas Emmett Realty for approximately $84 million ($505/s.f.).
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800 Corporate Center Drive (239,274 s.f., Class A Suburban) is under contract by Legacy Partners for approximately $99 million ($414/s.f.).
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Marina Business Center, located at 4551Glencoe Avenue (148,000 s.f. Class B Suburban) is under contract by Legacy Partners for approximately $53.5 million ($361/s.f.).
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801 S Grand Avenue (207,000 s.f., Class A CBD) is in contract for the office portion of the asset for approximately $55 million ($266/s.f.).
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