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355 S Grand Ave, Los Angele...

Bonne, Bridges, Mueller, O'Keefe & Nichols Leases 10,302 Square Feet At 355 S Grand Ave In Los Angeles
LEASEDOffice

Bonne, Bridges, Mueller, O'Keefe & Nichols Leases 10,302 Square Feet At 355 S Grand Ave In Los Angeles

355 S Grand Ave, Los Angeles, CA, 90...

Building Size

10,302 SF

Asset Type

Office

Closing

Feb 21, 2017

AI

Bonne, Bridges, Mueller, O'Keefe & Nichols leased a new office space at Wells Fargo Center, a Class-A, 1.1 million square foot office building located at 355 South Grand Ave, Los Angeles, CA, encompassing 10,302 square feet in total.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 355 S Grand Ave, Los Angeles, CA
  • Market: Los Angeles
  • Tenant: Bonne, Bridges, Mueller, O'Keefe & Nichols
  • Landlord: Brookfield Office Properties
  • Tenant's Representative: Maureen Hawley (JLL), Darren Eades (JLL)
  • Landlord's Representative: James Malone (JLL)
  • Square Feet: 10,302

The law firm is relocating its headquarters from Mid-Wilshire as part of this transaction. The representatives from JLL who negotiated on behalf of the tenant include executive vice president Darren Eades, executive managing director Tony Morales, and vice president Maureen Hawley. The landlord was represented in-house by vice president James Malone.

Players

Darren Eades

JLL

Broker

$389.3M

vol

3 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

Los Angeles Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93