Timothy Walsh Of KPMG Signs Lease For 70K SF At U.S. Bank Tower In Los Angeles

The property involved in the transaction is an office asset located at 633 West 5th Street and 2101 Rosecrans Avenue in the Los Angeles and El Segundo markets. It spans a total of 120,000 square feet. This transaction is part of a significant leasing agreement with KPMG.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 633 West 5th Street & 2101 Rosecrans Avenue
• Market: Los Angeles & El Segundo
• Square Footage: 120,000
• Tenant: Timothy Walsh - KPMG

KPMG has signed two leases, one for 70,000 square feet at U.S. Bank Tower and another for 50,000 square feet at Plaza at Continental Park in El Segundo. The company is relocating from its previous office of 88,000 square feet at 550 S. Hope St. The relocation is scheduled for next summer and represents one of downtown L.A.’s largest office deals in the current year, coinciding with record-high vacancies of 21% in the market.