Banc Of California Signs 11-Year Lease For 40000 Square Feet At 865 South Figueroa Street

A lease transaction has occurred for an office asset located at 865 South Figueroa Street in Los Angeles. The property has a total square footage of 40,000. Banc of California has secured the space to support its expansion in California and New York, maintaining its existing branch at 900 Wilshire Blvd.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 865 South Figueroa Street
• Market: Los Angeles
• Tenant: Jared Wolff - Banc Of California
• Brokers: Jacob Bobek, Jonathan Dezzutti & Blake Mirkin - CBRE
• Lease Term: 11-year

The lease was facilitated by CBRE, with Jonathan Dezzutti, Jacob Bobek, and Blake Mirkin representing Banc of California. This strategic move positions the bank to enhance its presence in key markets.