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

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LEASED
Jacob Bobek
Blake Mirkin
Jonathan Dezzutti

California

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Office40,000 SF
Leased 10/20/2025
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Property Image
LEASED

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

865 South Figueroa Street

See Similar Deals
Office40,000 SF
Leased 10/20/2025
Jacob Bobek
Blake Mirkin
Jonathan Dezzutti
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease

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.

Players

Jacob Bobek
CBRE
Jacob Bobek
4 deals(310) 429-4319
BROKER
Blake Mirkin
CBRE
Blake Mirkin
10 deals$37.2M volume(310) 717-6987
BROKER
Jonathan Dezzutti
CBRE
Jonathan Dezzutti
2 deals(626) 372-6520
BROKER
Banc Of California
Banc Of California
TENANT

Details

LEASED
IMAGE: Jared Wolff, Jacob Bobek, Jonathan Dezzutti & Blake Mirkin DATE: 10/20/2025 ADDRESS: 865 South Figueroa Street MARKET: Los Angeles ASSET TYPE: Office ~ SF: 40,000 TENANT: Jared Wolff - Banc Of California (@BancofCal) BROKERS: Jacob Bobek, Jonathan Dezzutti & Blake Mirkin - CBRE (@CBRE) LEASE TERM: 11-year NOTE: Banc of California signed an 11-year, 40,000-square-foot lease at 865 S. Figueroa St. in downtown Los Angeles, where its name will soon appear on the skyline. CBRE’s Jonathan Dezzutti, Jacob Bobek, and Blake Mirkin represented the bank, which is expanding its California and New York footprints while keeping its 900 Wilshire Blvd. branch open.

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Deal Type
Effective Rent (Annual)

$2,292,775.86

Total Lease Value

$22,927,758.62

Net Landlord Cash Flow$2,292,775.86