The Chicago School Of Professional Psychology Leases 37500 Square Feet At 707 Wilshire Blvd In Los Angeles

The property involved in this transaction is located at 707 Wilshire Boulevard, Los Angeles, CA. The leasing deal entails a total area of 37,500 square feet, where The Chicago School of Professional Psychology will establish its new location. This lease is valued at $15.7 million, commencing in June 2019, with a term extending for 10 years and five months. The building is owned by The Shorenstein Company and houses other notable tenants such as Aon Corporation and Morrison & Foerster.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: $15.7 million
• Address: 707 Wilshire Blvd, Los Angeles, CA
• Market: Los Angeles
• Tenant: The Chicago School of Professional Psychology
• Landlord: The Shorenstein Co
• Tenant's Representative: Eric Duncanson (Cushman & Wakefield)
• Landlord's Representative: Dana Vargas (JLL)
• Square Feet: 37,500

The leasing transaction was facilitated by Eric Duncanson and Ryan Phillips from Cushman & Wakefield’s Los Angeles office, who collaborated with brokers from the firm's Chicago office. The landlord was represented by Dana Vargas along with Josh Wrobel and Tim Miller at JLL. This relocation signifies The Chicago School's movement from its previous space at 617 West 7th Street, where it has been situated since 2008.