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2121 Avenue Of The Stars

PricewaterhouseCoopers Leases 150,000 Square Feet Office Space From Irvine Company In Century City
LEASEDOffice

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:

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

Donald Bren

Irvine Company

Landlord

$942.6M

vol

28 deals

Landlord
Paul Grigg

Paul Grigg

PwC

Tenant
Tenant

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