John Hancock Life Insurance Company Leases Office Space To United Way Of Greater Los Angeles

This office asset is located at 515 South Figueroa Street in the Los Angeles market. The lease has an asking rent of $46.50 per square foot for a total square footage of 22,115. The lease term spans 15 years and falls under a NNN lease structure. The landlord for this transaction is John Hancock Life Insurance Company, and the tenant is United Way of Greater Los Angeles.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 515 South Figueroa Street
• Market: Los Angeles
• Asking Rent: $46.50/SF
• Square Footage: 22,115
• Lease Term: 15 years
• Lease Type: NNN Lease
• Landlord: John Hancock Life Insurance Company
• Tenant: United Way of Greater Los Angeles
• Brokers: Ron Burkhardt & Steven Salas - Newmark

Ron Burkhardt and Steven Salas from Newmark represent both the landlord, John Hancock Life Insurance Company, and tenant, United Way of Greater Los Angeles, in this lease transaction.