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Marathon Bank Inks Estimated $2.5M Lease

WEST LOS ANGELES, CA-Company cuts its space in renewal at existing of offices.

By Bob Howard | Updated on June 28, 2002

WEST LOS ANGELES, CA-Marathon National Bank renewed its soon-to-expire lease at the Olympic Center Building in West Los Angeles, at the same time reducing the square footage it occupies.

Terms of the deal were not disclosed, but the bank is believed to have signed for approximately $2.5M millioin in the six-year deal at 11150 Olympic Blvd., based on prevailing asking rates of $2 to $2.45 psf per month.

Marathon formerly leased about 25,000 sf at the 11-story, 160,000-sf building owned by Douglas Emmett Realty Fund, broker Christina Bellinghausen of the Staubach Co. tells GlobeSt.com.

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