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555 Mateo Street

HexClad Cookware Leases 28,860 SF Office Space At 555 Mateo Street In Los Angeles
LEASEDOffice

HexClad Cookware Leases 28,860 SF Office Space At 555 Mateo Street In Los Angeles

555 Mateo Street

Building Size

38,628 SF

Asset Type

Office

Closing

Jul 22, 2025

AI

The property asset involved in the transaction is located at 555 Mateo Street in Los Angeles, featuring an office space of 38,628 square feet. This lease agreement involved a long-term arrangement for the tenant and has contributed to an expansion of the tenant's footprint within the Arts District.

Summary of transaction details:

HexClad Cookware signed a long-term sublease for 28,860 square feet of office space and additionally secured a nearby warehouse spanning 9,768 square feet. The company's choice to occupy this fully leased creative campus, which also houses Spotify and USC Roski, was influenced by its rapid growth and support from Fox Studios and Gordon Ramsay.

Players

Nathan Pellow

Colliers

Broker

$23M

vol

7 deals

Broker
Colliers
ColliersBrokerage

Robert Bellinger

ASB Real Estate Investments

Landlord

$175.8M

vol

6 deals

Landlord
ASB Real Estate Investments
ASB Real Estate InvestmentsLandlord

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