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PSI Services Leases 23589 Square Feet At 611 N Brand Blvd Glendale From LNR Partners

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LEASED

California

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Office23,589 SF
Leased 02/21/2017
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Property Image
LEASED

PSI Services Leases 23589 Square Feet At 611 N Brand Blvd Glendale From LNR Partners

611 N Brand BLVD, Glendale, CA, 91203

See Similar Deals
Office23,589 SF
Leased 02/21/2017
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:23,589 SF
Transaction Type:Lease

The transaction involves leasing the entire 10th floor of Glendale Center, a 14-story, 399,000 square-foot Class-A office tower located at 611 N Brand Blvd, Glendale, CA, 91203. The property was constructed 45 years ago and recently underwent upgrades to its common areas.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: PSI Services
  • Tenant's Representative: Jacob Bobek, CBRE
  • Landlord: LNR Partners
  • Square Feet: 23,589
  • Lease Term: 11 years

Jacob Bobek, an Avison Young principal from the downtown L.A. office, represented the tenant, PSI Services, which offers pre-employment testing, licensure, and certification testing solutions. The relocation from Burbank to Glendale was influenced by the desire for a more central location, accessibility to amenities, and proximity to the 134 freeway.

Players

Jacob Bobek
4 deals(310) 429-4319
BROKER

LANDLORD

Details

LEASED
IMAGE: 611 N Brand BLVD, Glendale, CA, 91203 MARKET: Glendale TENANT'S REP: Jacob Bobek(CBRE) TENANT: PSI Services LANDLORD: LNR Partners SQUARE FEET: 23589

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Deal Type
Effective Rent (Annual)

$1,352,107.25

Total Lease Value

$13,521,072.45

Net Landlord Cash Flow$1,352,107.25