Simpson Gumpertz & Heger Leases 14,779 SF Office In Los Angeles From LBA Realty

The property at 1150 S Olive St, Los Angeles, CA, 90015, is a 14,779 square feet office leased by engineering firm Simpson Gumpertz & Heger. The office, located in South Park in DTLA, will occupy the entire 16th floor of the building, with a targeted move-in date of January 2017. The lease term agreed upon is seven years and eight months.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Tenant: Simpson Gumpertz & Heger
• Landlord: LBA Realty
• Tenant's Rep: Scott Steuber (CBRE), Ted Simpson (Avison Young)
• Square Feet: 14779

Avison Young, through its principals Ted Simpson and Scott Steuber, represented Simpson Gumpertz & Heger in the lease negotiation. On the other side, CBRE represented the landlord, LBA Realty. Notably, USC is also a tenant in the same building where the lease was executed.