Updated Oct 12, 2026
Ron Lockton Of Lockton Companies Renews Lease For 52,134 Square Feet At 777 S. Figueroa St
777 South Figueroa Street
Building Size
52,134 SF
Asset Type
Office
Closing
Oct 5, 2026
About this deal
AI
The property asset involved in this transaction is located at 777 South Figueroa Street in Los Angeles, CA. It is classified as an office space with a total area of 52,134 square feet. The lease renewal makes it one of the 10 largest office deals in the market during the third quarter of 2026, occurring amidst a 32.9% availability rate in Downtown Los Angeles.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease renewal
- Address: 777 South Figueroa Street
- Market: Los Angeles, CA
- Tenant: Ron Lockton
- Company: Lockton Companies
This renewal was facilitated by Ron Lockton, representing Lockton Companies as the tenant in the lease transaction. The decision to renew indicates a trend among established tenants in Downtown Los Angeles, who are increasingly opting to remain in their current locations rather than relocating.
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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