American Pacific Mortgage Corp. has subleased about 15,000-sf of office space, which it plans to use as it main branch and headquarters. The firm will take over about 25% of Prima Communications' space in the building at Eureka and Douglas Boulevards.
Prima, a publishing company, will keep an additional quarter of space in the 69,000-sf building, and sublease the rest out. Craig Brinitzer of Cornish & Carey Commercial represented American Pacific, while Mark Hefner and Chris Strain with Brown, Stevens, Elmore & Sparre represented Random House, who owns Prima.
The rental rate was not revealed but rents in the area average about $1.75-$2.25, according to recent market reports.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
