One Capital Management Leases 9000 SF Office Space In Westlake Village

The property involved in the transaction is an office asset located at 2945 Townsgate Rd in Westlake Village. The property is part of the Westlake Park Place office campus, consisting of eight buildings totaling more than 450,000 square feet. The Class A office building, built in 2008, features 264 parking spaces and is situated next to the Ventura Freeway and the Westlake Plaza and Center.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 2945 Townsgate Rd, Westlake Village
• Market: Westlake Village
• Square Feet: 9000
• Tenant: One Capital Management
• Landlord: Invesco Real Estate
• Landlord's Rep: Michael (Mike) Foxworthy, Sr (Daum Commercial Real Estate Services)

One Capital Management, led by President Patrick Bowen, signed an 8-year lease to occupy 9,000 square feet in the second phase of Westlake Park Place. The company is relocating its headquarters from Phase I of the office park to this new space in December. By moving, One Capital Management is doubling the size of its headquarters, aiming to support its growth plans, talent acquisition, and client service initiatives. The office campus is shared with tenants such as Regus, Dole Packaged Foods, and PennyMac Loan Services.