Gordon Rees Signs 26000 Square Foot Lease With Landlord Chris Neilson In Downtown Los Angeles

The asset involved in this lease transaction is an office property located at 300 South Grand Avenue in Los Angeles, encompassing a total of 26,000 square feet. The property is currently in receivership, with a notable decrease in market value from approximately $460 million nine years ago to $120 million today.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 300 South Grand Avenue
• Market: Los Angeles
• Landlord: Chris Neilson - Trigild
• Tenant: Gordon Rees
• Broker: Tim Miller - JLL

In this transaction, Tim Miller from JLL represented the tenant, Gordon Rees, who signed a full-floor lease. The lease arrangement occurs in a situation where the property is 55% occupied, with notable recent tenant movement including Skadden’s exit of 100,000 square feet.