The asset involved in this transaction is an office space located at 515 South Flower Street in Los Angeles. The total square footage of the property is 25,000. This lease transaction reflects a move within downtown Los Angeles, aligning with the current market dynamics for office spaces in the area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 515 South Flower Street
• Market: Los Angeles
• Landlord: CommonWealth Partners
• Tenant: Dean Dennis - Hill, Farrer & Burrill LLP
• Landlord's Representative: John Bendetti - CommonWealth Partners
• Tenant's Representatives: Mike McKeever, Tom McDonald & Tony Morales - JLL
• Lease Signing Date: 11/07/2024
• Occupancy Planned: June 2025

The deal involves Hill, Farrer & Burrill LLP signing a lease agreement, with the representation of the landlord by CommonWealth Partners and the tenant by JLL. The parties aim to establish a modern, collaborative workspace amid the challenges presented by the leasing market in the area.