Cyrus Nikou Of Atar Capital Leases 11,000 Square Feet At 1950 Avenue Of The Stars

The asset involved in the transaction is an office space located at 1950 Avenue Of The Stars in Century City, encompassing a total square footage of 11,000. This property is noteworthy for being situated within one of Southern California’s most expensive office towers, developed by JMB Realty, which spans 730,000 square feet. The building has gained prominence with significant preleases from notable companies.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 1950 Avenue Of The Stars
• Market: Century City
• Landlord: JMB Realty
• Tenant: Cyrus Nikou - Atar Capital
• Square Footage: 11,000

Cyrus Nikou, representing Atar Capital, has signed a lease agreement for the new office space, marking a relocation and expansion from their current headquarters across the street. This substantial lease signifies a more than threefold increase in their operational footprint, amidst a backdrop where Century City continues to dominate as the highest-rent office submarket in Greater Los Angeles.