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515 South Flower Street

Fisher Phillips Expands With Two New Office Leases In Los Angeles And Woodland Hills
LEASEDOffice

Fisher Phillips Expands With Two New Office Leases In Los Angeles And Woodland Hills

515 South Flower Street & 21600 Oxnard Street

Building Size

98,736 SF

Asset Type

Office

Closing

Jul 23, 2025

AI

The transaction involves office leases located at 515 South Flower Street in Los Angeles and 21600 Oxnard Street in Woodland Hills. The total square footage of the leased space amounts to 49,368 square feet, facilitating the expansion of the tenant in these markets.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 515 South Flower Street, Los Angeles; 21600 Oxnard Street, Woodland Hills
  • Market: Los Angeles & Woodland Hills
  • Asset Size: 49,368 SF
  • Tenant: John Polson - Fisher Phillips
  • Landlord's Representatives: John Bendetti - CommonWealth Partners; Ali Mourad - Douglas Emmett
  • Tenant's Representatives: Jim Schoolfield & Kevin Bender - JLL

Fisher Phillips has entered into two new leases as part of its strategic growth plan in Southern California. JLL facilitated the leasing transactions, while the landlords, represented by CommonWealth Partners and Douglas Emmett, handled the terms of the agreements in-house.

Players

Kevin Bender

JLL

Broker

$97.9M

vol

3 deals

Broker
John Polson

John Polson

Tenant

2 deals

Tenant

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