Bank Of America Expands Lease By 137,873 Square Feet At Century Park Plaza In Century City
2049 Century Park East
Building Size
137,873 SF
Asset Type
Office
Closing
Jul 1, 2026
AI
The property involved in this transaction is an office asset located at 2049 Century Park East in Century City, CA. The total square footage of the property is 137,873. The asset is part of the South Tower of Century Park Plaza.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2049 Century Park East
- Market: Century City, CA
- Landlord: Jamie Dimon - J.P. Morgan Chase; Laura Hines-Pierce & Jeffrey C. Hines - Hines
- Tenant: Brian Moynihan - Bank of America
In this lease transaction, Bank of America renewed and expanded its lease at the property. The landlord is a joint venture between Hines and JPMorgan Chase, which reflects the collaboration between these two entities in managing the asset.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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