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Concept Arts Leases Office At 4201 Wilshire Blvd., Los Angeles, CA To Jameson Commercial

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LEASED

California

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Office31,500 SF
Leased 10/19/2017
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Property Image
LEASED

Concept Arts Leases Office At 4201 Wilshire Blvd., Los Angeles, CA To Jameson Commercial

4201 Wilshire BLVD, Los Angeles, CA...

See Similar Deals
Office31,500 SF
Leased 10/19/2017
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:31,500 SF
Transaction Type:Lease

The leased property, located at 4201 Wilshire Boulevard in Los Angeles, CA, is an office asset comprising approximately 31,500 square feet. It is part of the historic Harbor Building, constructed in 1958 for Tidewater Oil Company.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Concept Arts
  • Landlord: Jameson Commercial
  • Square Feet: 31,500
  • Tenant's Rep: Marc Bretter
  • Market: Los Angeles

Concept Arts, a prominent advertising agency known for its work on film campaigns like "La La Land" and "Wonder Woman," signed a long-term lease for the office space. The agency will relocate its headquarters from a building on Selma Avenue to the new Harbor Building in the first quarter of 2018. Additionally, Jamison will build out the majority of the fifth floor for Concept Arts, creating a modern and efficient workspace tailored to the agency's needs.

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6 deals$84.7M volume
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Details

LEASED
IMAGE: 10/19/2017 ADDRESS: 4201 Wilshire BLVD, Los Angeles, CA... MARKET: Los Angeles ASSET TYPE: Office TENANT'S REP: Marc Bretter() TENANT: Concept Arts LANDLORD: Jameson Commercial SQUARE FEET: 31500

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Deal Type
Effective Rent (Annual)

$1,805,560.99

Total Lease Value

$18,055,609.92

Net Landlord Cash Flow$1,805,560.99