Frank D. Lanterman Regional Center Leases 50836 Sf Office At 611 North Brand Boulevard In Glendale
611 North Brand Boulevard
Building Size
50,836 SF
Asset Type
Office
Closing
Aug 4, 2025
AI
The property asset is located at 611 North Brand Boulevard in Glendale, comprising a total of 50,836 square feet. The office space is part of a significant lease transaction in the market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 611 North Brand Boulevard
- Market: Glendale
- Landlord: Innocenzo De Cotiis - Onni Group
- Tenant: Frank D. Lanterman Regional Center
- Landlord's Representative: Linda Lee, Bill Boyd & Scott Unger - Kidder Mathews
- Tenant's Representative: Dennis Smith - Cresa
- Lease Term: 10 years
The lease signed by Frank D. Lanterman Regional Center represents a strategic move for the nonprofit, which will be relocating from Mid-Wilshire. This consolidation will allow the organization to operate from the 396,000-square-foot tower where WeWork is also a tenant.
Players
Glendale 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