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2049 Century Park East

Bank Of America Expands Lease By 137,873 Square Feet At Century Park Plaza In Century City
LEASEDOffice

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:

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

Jeffrey C. Hines

Hines

Landlord

$3.9B

vol

26 deals

Landlord

Brian Moynihan

Bank of America

Tenant

$4.1B

vol

8 deals

Tenant

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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