The office property at 40 E Verdugo Ave, Burbank, CA, 91502, encompasses a total of 24,475 square feet. Situated in Burbank, this asset is strategically positioned near Interstate 5 and just a few blocks away from downtown Burbank’s various shopping, dining, and entertainment establishments.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Tenant: CommonGrounds Workplace
• Tenants's Representative: Nicolas Biancamano (Pacifica Real Estate Services)
• Landlord's Representative: Nico Vilgiate (Colliers International)
• Square Feet: 24,475
• Location: 40 E Verdugo Ave, Burbank, CA, 91502

CommonGrounds Workplace, represented by Nicolas Biancamano from Pacifica Real Estate Services, secured the lease for this office space. The property underwent significant renovations led by CommonGrounds' in-house creative team and Rapt Studios, resulting in a capacity to accommodate 318 individuals. Additional features of this coworking space include private offices, team rooms, coworking areas, a 49-person training and event space, nine video-enabled conference rooms, a communal pantry, living rooms on each floor, phone rooms, an outdoor patio, and a 60-stall surface parking lot.