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Los Angeles County Expands Office Lease To 43798 Square Feet At SAG-AFTRA Plaza

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LEASED
Greg Astor
Michael Freiberg
+ 1

California

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Office43,798 SF
Leased 02/13/2025
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Property Image
LEASED

Los Angeles County Expands Office Lease To 43798 Square Feet At SAG-AFTRA Plaza

5757 Wilshire Boulevard

See Similar Deals
Office43,798 SF
Leased 02/13/2025
Greg Astor
Michael Freiberg
+ 1
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:43,798 SF
Transaction Type:Lease

The property involved in this lease transaction is an office space located at 5757 Wilshire Boulevard, Los Angeles. The asset encompasses a total square footage of 43,798. The recent lease agreement signifies an expansion for the tenant from an earlier space of 35,548 square feet at SAG-AFTRA Plaza, following renovations by the landlord. The renovations include an outdoor tenant lounge, a new lobby, and 25,000 square feet of speculative suites.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 5757 Wilshire Boulevard
  • Market: Los Angeles
  • Landlord: Michael Wise - J.H. Snyder
  • Tenant: Fesia Davenport - Los Angeles County
  • Brokers: Ben Silver, Michael Freiberg, Greg Astor & Micheal Geller - JLL

This lease agreement was facilitated by experienced brokers from JLL, including Ben Silver, Michael Freiberg, Greg Astor, and Micheal Geller, who played a crucial role in bringing together the landlord and tenant in this transaction. The expansion of Los Angeles County into a larger office space highlights the organization's growth and changing operational needs within a key market area.

Players

3 deals$3.8M volume
BROKER



Details

LEASED
IMAGE: Michael Wise, Fesia Davenport, Ben Silver, Michael Freiberg, Greg Astor & Micheal Geller DATE: 02/13/2025 ADDRESS: 5757 Wilshire Boulevard MARKET: Los Angeles ASSET TYPE: Office ~ SF: 43,798 LANDLORD: Michael Wise - J.H. Snyder TENANT: Fesia Davenport - Los Angeles County BROKERS: Ben Silver, Michael Freiberg, Greg Astor (@Gastor35) & Micheal Geller - JLL NOTE: Los Angeles County signed a 43,798-square-foot office lease at SAG-AFTRA Plaza, expanding from 35,548 square feet. The deal follows J.H. Snyder’s recent renovations, adding an outdoor tenant lounge, a new lobby, and 25,000 square feet of spec suites.

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Deal Type
Effective Rent (Annual)

$2,510,474.93

Total Lease Value

$25,104,749.30

Net Landlord Cash Flow$2,510,474.93