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West Monroe Tenants Kevin McCarty Gil Mermelstein Jordan Sternlieb Brian Paulen Lease Office At 700 South Flower Street

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LEASED

California

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Office25,000 SF
Leased 03/28/2025
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Property Image
LEASED

West Monroe Tenants Kevin McCarty Gil Mermelstein Jordan Sternlieb Brian Paulen Lease Office At 700 South Flower Street

700 South Flower Street

See Similar Deals
Office25,000 SF
Leased 03/28/2025
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:25,000 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space located at 700 South Flower Street in Los Angeles. The total square footage of the space is 25,000.0.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 03/28/2025
  • Tenant: Kevin McCarty, Gil Mermelstein, Jordan Sternlieb & Brian Paulen - West Monroe
  • Landlord: Jeffrey Kanne - National Real Estate Investors; Robert G. Byron & Peter Stelian - Blue Vista

This transaction reflects the involvement of West Monroe as tenants, who are represented by the named individuals, while the landlord representation includes multiple entities from National Real Estate Investors and Blue Vista, indicating a collaborative approach in leasing this office space.

Details

LEASED
IMAGE: Jeffrey Kanne, Robert G. Byron, Peter Stelian, Kevin McCarty, Gil Mermelstein, Jordan Sternlieb & Brian Paulen DATE: 03/28/2025 ADDRESS: 700 South Flower Street MARKET: Los Angeles ASSET TYPE: Office ~ SF: 25,000 LANDLORD: Jeffrey Kanne - National Real Estate Investors (@NatAdvisors); Robert G. Byron & Peter Stelian - Blue Vista TENANT: Kevin McCarty, Gil Mermelstein, Jordan Sternlieb & Brian Paulen - West Monroe (@WeareWestMonroe) NOTE: West Monroe leased 25,000 square feet at The Bloc in downtown Los Angeles, nearly doubling its local office space amid high vacancy rates. The move aligns with the firm's strategy to secure premium office space in major cities while the downtown L.A. office market faces a 21% vacancy rate and declining absorption.

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Deal Type
Effective Rent (Annual)

$1,432,984.91

Total Lease Value

$14,329,849.14

Net Landlord Cash Flow$1,432,984.91