The Wilshire Grand Center at 900 Wilshire Boulevard in Los Angeles, CA, is the location of a recent lease transaction involving the office asset. Metrolink, the tenant, signed a 15-year lease for 30,000 square feet, spanning the entire 15th floor and a third of the 12th floor. The lease is valued at approximately $1.53 million yearly, with an asking rate of $4.25 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Tenant: Metrolink
• Landlord: FCA
• Square Feet: 30,000
• Tenant's Representative: Mark Sullivan

The lease deal was facilitated by Mark Sullivan of Savillis Studley representing Metrolink and John Cushman III and Steve Marcussen of Cushman and Wakefield handling the listing. Metrolink will be relocating its headquarters and 160 employees to the Wilshire Grand Center from One Gateway Plaza in Downtown Los Angeles. The decision to move to the Wilshire Grand was influenced by the opportunity to share facilities with the Southern California Association of Governments, thereby gaining access to SCAG's boardroom facility.