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
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