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145 South Spring Street

General Services Administration Leases 74056 SF Office At 145 South Spring Street Los Angeles
LEASEDOffice

General Services Administration Leases 74056 SF Office At 145 South Spring Street Los Angeles

145 South Spring Street

Building Size

74,056 SF

Asset Type

Office

Closing

Jan 28, 2026

AI

The property involved in this transaction is an office asset located at 145 South Spring Street in Los Angeles. The building has a total square footage of 74,056 and is situated in the downtown area, formerly known as the LA Times Building.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 145 South Spring Street
  • Market: Los Angeles
  • Landlord: Onni Group
  • Tenant: General Services Administration (GSA)
  • Landlord's Representative: Peter Hajimihalis, Howard Traul, James Malone & Dana Vargas - JLL
  • Tenant's Representative: Timothy Pavek - Carpenter/Robbins Commercial Real Estate Inc

The General Services Administration (GSA) signed a lease for the property, which is intended for the Federal Public Defenders Central District of California with plans to move in during the first quarter of 2027. The proximity of the building to the courthouse and competitive lease terms were cited as significant factors in the decision.

Players

Dana Vargas

JLL

Broker

3 deals

Broker
JLL
JLLBrokerage
Onni Group
Onni GroupLandlord

Los Angeles 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