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
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