Traveler’s Insurance Leases 41,646 SF Office Space At Gateway Corporate Center, Diamond Bar | 21680 Gateway Center Drive | Steven Saunders, Philip Woodford, Kevin Mechelke | Office | Lease

Summary

Lease

CALIFORNIA

Office

41,646 sqft

Traveler's Insurance has leased 41,646 sq. ft. at Gateway Corporate Center in Diamond Bar, bringing the building to full occupancy. This lease transaction was facilitated by CBRE's Philip Woodford and Steven Saunders, representing the landlord Buchanan Street Partners LP, and JLL's Kevin Mechelke, representing the tenant, Traveler's Insurance. The lease term is for 66 months.

Summary of transaction details

Property Type: Office
Transaction Amount: N/A
Square Footage: 41,646
Address: 21680 Gateway Center Drive
Market: Diamond Bar

This successful lease deal reflects a strengthening office market in the San Gabriel Valley and Inland Empire. Buchanan Street Partners LP's upgrades during COVID-19 contributed to the full occupancy of Gateway Corporate Center, with a total of eight new leases signed.

Players

All
5

Agents
3
Agencies
2

Steven Saunders

Senior Associate

$63.7M Sold

Philip Woodford

Senior Vice President

Kevin Mechelke

Executive Managing Director

CBRE

JLL

Details

Deal Summary

LEASED

IMAGE: Philip Woodford, Timothy J. Ballard, Alan D. Schnitzer, Steven Saunders & Kevin Mechelke DATE: 11/22/2023 ADDRESS: 21680 Gateway Center Drive MARKET: Diamond Bar ASSET TYPE: Office ~ SF: 41,646 LANDLORD: Buchanan Street Partners LP (@BuchananStreetPartners) - Timothy J. Ballard TENANT: Traveler’s Insurance (@TravelersInsurance) - Alan D. Schnitzer LANDLORD'S REP: Philip Woodford & Steven Saunders (@SeSaunders_1) - CBRE (@CBRE) TENANT'S REP: Kevin Mechelke - JLL (@JLL) LEASE TERM: 66-month NOTE: Traveler's Insurance has leased 41,646 sq. ft. at Gateway Corporate Center, Diamond Bar, bringing the building to full occupancy. Buchanan Street Partners' upgrades during COVID-19 contributed to this success, with eight new leases signed, reflecting a strengthening office market in the San Gabriel Valley and Inland Empire.

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Address21680 Gateway Center Drive

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