Eastern Los Angeles Regional Center Expands Lease At Alhambra Office Campus

The Eastern Los Angeles Regional Center (ELARC) has expanded its space at The Alhambra office campus, making it the second-largest tenant with a total of 146,809 square feet. The lease terms are for 10 years, with an asking rent of $32.40 per square foot. The property, located at 1000 Fremont Avenue in Alhambra, is an office space asset. The transaction took place on June 30, 2023. The landlord, The Ratkovich Company, was represented by Kevin Duffy, Damon Feldmeth, Natalie Bazarevitsch, John Zanetos, Chris Penrose, and Heather Dulley from CBRE. The tenant, Eastern Los Angeles Regional Center, was represented by David Kutzer from Cresa.

Summary of transation details

• Property Type: Office
• Transaction Amount: N/A
• Address: 1000 Fremont Avenue
• Market: Alhambra

This lease transaction highlights the growing demand for suburban office campuses and positive office market trends in the San Gabriel Valley. Eastern Los Angeles Regional Center's decision to expand its space at The Alhambra demonstrates the attractiveness of the location and the confidence in the market.