Union Bank's Select Benefit Department, which services 401(k) plans, will relocate from Panorama City to Glendale next February, says Union Bank VP Craig Poletti. The 25-story Glendale Plaza, which has 533,000 sf of class A space, stands at 655 N. Central Ave.

Glendale Plaza was built by LA-based PacTen Partners through a partnership with Morgan Stanley Real Estate Fund. The $100-million speculative project was considered a risky venture when it broke ground in late-'97, in part because the Burbank-Glendale-Pasadena market's all-important entertainment industry was showing signs of weakening.

Indeed, leasing at the project started slow: It opened last spring with only about 35% of its space occupied. But the entertainment business has regained its strength, and Glendale Plaza itself has also been successful in attracting many top-notch, non-entertainment clients.