PricewaterhouseCoopers Leases 150,000 Square Feet Office Space From Irvine Company In Century City
2121 Avenue Of The Stars
Building Size
150,000 SF
Asset Type
Office
Closing
Jul 6, 2026
AI
The property asset involved in this transaction is an office space located at 2121 Avenue of the Stars in Century City, CA. The total square footage of the asset is approximately 150,000 square feet, and it serves as an office property for the tenant involved in the lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Term: 15 years
- Landlord: Donald Bren & Roger DeWames - Irvine Company
- Tenant: Paul Grigg - PwC (PricewaterhouseCoopers)
The lease agreement signifies PwC's intention to relocate its Los Angeles office to Century City in 2028, moving from downtown Los Angeles. This transaction highlights the ongoing shift of major office tenants toward the Century City market.
Players
Los Angeles 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