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Raymond James & Associates Signs Lease For 19,721 SF At 301 N. Lake Ave. In Pasadena CA

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LEASED

California

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Office19,721 SF
Leased 11/28/2023
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LEASED

Raymond James & Associates Signs Lease For 19,721 SF At 301 N. Lake Ave. In Pasadena CA

301 North Lake Avenue

See Similar Deals
Office19,721 SF
Leased 11/28/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:19,721 SF
Transaction Type:Lease

Barker Pacific Group (BPG) has announced a lease transaction at 301 North Lake Avenue in Pasadena, California. The property is an office space spanning 19,721 square feet. This strategic leasing effort has brought the building's occupancy to 84%, reflecting Barker Pacific Group's commitment to enhancing the property and providing attractive returns to investors.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not applicable
  • Market: Pasadena
  • Address: 301 North Lake Avenue
  • Square Footage: 19,721

The tenant involved in this lease transaction is Raymond James & Associates Inc., represented by Paul Reilly. The lease agreement includes the renewal of their existing lease for 8,873 square feet, as well as an additional 10,848 square feet. Barker Pacific Group is represented by Michael Barker, while the tenant's representative is John Winnek from Cushman & Wakefield. Scott Unger, from Kidder Mathews, acted as the landlord's representative. With this lease, Barker Pacific Group has successfully secured a prominent tenant, further solidifying the company's leasing efforts.

Players

Scott Unger
5 deals$43.1M volume
BROKER

John Winnek
Cushman & Wakefield
1 deal
BROKER

Michael Barker
6 deals$33.6M volume
LANDLORD

Details

LEASED
IMAGE: John Winnek, Michael Barker, Scott Unger & Paul Reilly DATE: 11/28/2023 ADDRESS: 301 North Lake Avenue MARKET: Pasadena ASSET TYPE: Office ~ SF: 19,721 LANDLORD: Barker Pacific Group (BPG) - Michael Barker TENANT: Raymond James & Associates Inc. (@RaymondJames) - Paul Reilly LANDLORD'S REP: Scott Unger - Kidder Mathews (@Kidder.Mathews) TENANT'S REP: John Winnek - Cushman & Wakefield (@CushWake) NOTE: Barker Pacific Group announced that Raymond James & Associates has signed a lease for 19,721 square feet at 301 N. Lake Ave. in Pasadena, California, renewing an 8,873-square-foot lease and adding 10,848 square feet. The strategic leasing effort brings the building's occupancy to 84%, reflecting Barker Pacific Group's commitment to enhancing the property and delivering attractive returns to investors.

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Deal Type
Effective Rent (Annual)

$1,130,395.82

Total Lease Value

$11,303,958.20

Net Landlord Cash Flow$1,130,395.82