Commercial real estate news releases from Avison Young

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Avison Young negotiates two office leases totaling 25,000 sf with the County of Los Angeles in Culver City and San Pedro

Avison Young negotiates two office leases totaling 25,000 sf with the County of Los Angeles in Culver City and San Pedro 23 janvier 2024

Los Angeles, Calif. – Avison Young announces today that it has negotiated two office leases with the County of Los Angeles totaling more than 25,000 square feet (sf) in the cities of Culver City and San Pedro.

Avison Young Principal Mark E. Mattis represented the ownerships of both 6167 Bristol Parkway in Culver City and 1294 W. 6th Street in San Pedro. The County of Los Angeles was represented by Dennis Smith and Jerry Porter of CRESA.

The Culver City lease is a 10-year commitment with the County Assessors’ office. Bristol Parkway is a four-story asset totaling 92,000 sf and was recently remodeled by the ownership with more upgrades planned in 2024. The Assessor’s office will comprise of approximately 8,000 square feet on the first floor with lobby access. The user group will move in mid-2024.

“The centralized location of the property and a first-floor suite were ideal qualifiers for the County. Its employees will enjoy easy access, an abundance of nearby amenities, and convenient ingress/egress to the 405 Freeway,” said Mattis.

The San Pedro lease is a 15-year commitment and totals 17,250 sf and encompasses the entire second floor of the two-story, 30,000- sf San Pedro Medical Arts building. The County entity will be relocating from its current nearby location on 7th Street in San Pedro in late 2024.

Mattis noted, “This lease was a few years in the making and required some creativity by both the ownership and the County. Located across the street from Providence San Pedro Hospital, this lease brings the San Pedro Medical Arts building to 100% occupancy.”

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.

www.avisonyoung.com

Follow Avison Young

Twitter (News)Twitter (Deals)BlogLinkedInYouTubeInstagram

For more information:

MEDIA:

Darcie Giacchetto, Media Relations & Content Specialist – Southwest: +1.949.278.6224