Kenneth Chang Leases Office Space To Caltrans At Pathfinder Business Park In Diamond Bar

The asset involved in the transaction is an office property located at 21073 Pathfinder Road in Diamond Bar. The lease covers a total of 6,448 rentable square feet at an asking rent of $35 per square foot. This lease falls under a full-service gross structure and has a term of 9 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $35/ft
• Lease Term: 9 years
• Lease Type: Full Service Gross
• Landlord: Kenneth Chang
• Tenant: Caltrans
• Landlord's Representative: Jamie H. Kim, CCIM - The Phronesis Group

The successful lease includes two office suites at Pathfinder Business Park. The transaction was characterized by several interested prospects, but the final decision was influenced by the property's prime location, secured parking, and tailored tenant improvements. Jamie H. Kim, CCIM, and The Phronesis Group have previously completed multiple lease transactions with the State of California, highlighting their established relationship and the stability provided by such tenancies.