Behar Gibbs Savage Paulson LLP Signs Lease For 35800 SF Office At 1 World Trade Center
1 World Trade Center
Building Size
35,800 SF
Asset Type
Office
Closing
Aug 5, 2025
AI
1 World Trade Center, located in Long Beach, is an office asset encompassing 35,800 square feet. The property involves a lease agreement with the landlord being Greenlaw Partners/Walton Street Capital and a tenant, Behar Gibbs Savage Paulson LLP, which has been a long-term occupant for 35 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 35,800
- Address: 1 World Trade Center
- Market: Long Beach
- Landlord: Greenlaw Partners/Walton Street Capital
- Tenant: Behar Gibbs Savage Paulson LLP
- Broker Representatives: Mike McKeever & Jason Fine - JLL
Mike McKeever represented the tenant, Behar Gibbs Savage Paulson LLP, while Jason Fine represented the landlord, Greenlaw Partners/Walton Street Capital, in this lease transaction across two floors at the property.
Players
Long Beach Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93