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Traveler’s Insurance Leases 41,646 SF Office Space At Gateway Corporate Center, Diamond Bar

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LEASED
Steven Saunders
Philip Woodford
Kevin Mechelke
+ 1

California

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Office41,646 SF
Leased 11/22/2023
the dealplayerscompscontact
Property Image
LEASED

Traveler’s Insurance Leases 41,646 SF Office Space At Gateway Corporate Center, Diamond Bar

21680 Gateway Center Drive

See Similar Deals
Office41,646 SF
Leased 11/22/2023
Steven Saunders
Philip Woodford
Kevin Mechelke
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:41,646 SF
Transaction Type:Lease

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

Steven Saunders
CBRE
Steven Saunders
4 deals$72.9M volume
BROKER
Philip Woodford
CBRE
Philip Woodford
1 deal(909) 418-2132
BROKER
Kevin Mechelke
JLL
Kevin Mechelke
3 deals(925) 944-2142
BROKER
Buchanan Street Partners
Buchanan Street Partners
BROKERAGE
Timothy Ballard
Buchanan Street Partners
Timothy Ballard
7 deals$129.5M volume
LANDLORD

Details

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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Deal Type
Effective Rent (Annual)

$2,387,123.59

Total Lease Value

$23,871,235.89

Net Landlord Cash Flow$2,387,123.59