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555 Mateo Street

Goodwin Leases 29,000 Square Feet Office Space At 555 Mateo Street From ASB Real Estate Investments
LEASEDOffice

Goodwin Leases 29,000 Square Feet Office Space At 555 Mateo Street From ASB Real Estate Investments

555 Mateo Street

Building Size

29,000 SF

Asset Type

Office

Closing

Apr 6, 2026

AI

The property asset involved in this transaction is an office space located at 555 Mateo Street in Los Angeles. The total square footage of the office is 29,000, reflecting a move by Goodwin to consolidate its operations from a larger 30,400 square feet office previously located at 601 S. Figueroa St.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Landlord: Robert Bellinger - ASB Real Estate Investments
  • Tenant: David Pendergast - Goodwin
  • Landlord's Representative: Mike Catalano & Steve Barker - Savills
  • Tenant's Representative: Mike Condon Jr. & Peter Collins - Cushman & Wakefield
  • Location: 555 Mateo Street, Los Angeles
  • Previous Tenant Space: 601 S. Figueroa St., 30,400 square feet
  • New Occupancy: More than 75 attorneys
  • Market Area: Arts District, reflecting demand for creative office environments

This lease transaction is part of Goodwin's broader expansion strategy in Southern California. Cushman & Wakefield represented the landlord in this deal, while Savills acted on behalf of the tenant, underlining the strategic moves within the office market in Los Angeles.

Players

Mike Condon Jr.

Cushman & Wakefield

Broker

$1.2B

vol

26 deals

Broker

Robert Bellinger

ASB Real Estate Investments

Landlord

$175.8M

vol

6 deals

Landlord

David Pendergast

Goodwin

Tenant

1 deal

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