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

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.