David Churton, Mike Whittington and Jeff Criswell of Jones Lang LaSalle represented Bank of America in the Transamerica lease renewal. Sean Ohno of Lowe Enterprises and Dick Robinson of Cushman & Wakefield represented the landlord.
Cushman & Wakefield was chosen to replace Lowe Enterprises as the property and leasing manager of Transamerica Pyramid in September following a competitive bidding process. Lowe apparently had initiated renewal negotiations with BofA prior to being replaced.
Aegon USA Realty Advisors manages the Transamerica Pyramid and Pyramid Center on behalf of Transamerica Properties LLC. Transamerica Properties LLC is a subsidiary of Transamerica Occidental Life Insurance Co., which is a member company of the Aegon Group.
Transamerica Pyramid anchors Pyramid Center, a 776,782-sf campus that is home to more than 50 companies. Transamerica Pyramid, built in 1972, totals 491,799 sf and is 94.5% leased. The other buildings in the deal are 505 Sansome (180,963 sf; 78% leased), 545 Sansome (50,525 sf; 92% leased) and 2 Bryant (53,495 sf; 100% leased).
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