Akerman LLP Leases Retail Space At 601 W 5th St, Los Angeles

The property asset involved in this transaction is a retail space located at 601 W 5th St, Los Angeles, CA, 90071, encompassing a total area of 25,000 square feet. The asset is situated within the Los Angeles market and is part of the historic CalEdison building, formerly known as One Bunker Hill. The average asking rent for the area is noted at $39.89 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 601 W 5th St, Los Angeles, CA, 90071
• Landlord: Hermes Real Estate Investment Management Ltd
• Tenant: Akerman LLP
• Tenant's Representatives: Maureen Hawley-JLL, Michael "Mike" McRoskey-JLL
• Square Feet: 25,000

Matthew Cheezem, Maureen Hawley, and Mike McRoskey represented Akerman in this lease agreement. The landlord's interests were represented by Carle Pierose and Rob Erikson of Industry Partners. This deal allows Akerman to significantly increase its office space, accommodating growth in its workforce.