The County Of Los Angeles Signs 15-Year Lease For Office Space In Long Beach With Omninet Capital

The County of Los Angeles has signed a 15-year lease for 207,289 square feet of office space located at 1500 Hughes Way, Long Beach. The lease agreement was made with Omninet Capital, a real estate investment firm led by Neil Kadisha. The office space, valued at an estimated $166.7 million, will serve as the new headquarters for The County of Los Angeles. The decision to lease in Long Beach is reflective of the increased leasing activity in the area, which is known for its affordability.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $166.7 million
• Square Footage: 207,289
• Address: 1500 Hughes Way, Long Beach
• Market: Long Beach

Omninet Capital, represented by Neil Kadisha, acted as the landlord in the lease transaction. Fesia Davenport represented The County of Los Angeles as its tenant. The 15-year lease signifies a long-term commitment by The County of Los Angeles to establish its presence in Long Beach.