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$47M Lease Ranks Among Largest in Region

LOS ANGELES-Two city agencies renew for 170,000 sf in a 10-year lease at the Garland Center at 1200 W. Seventh St. in Downtown Los Angeles.

By Bob Howard | Updated on August 26, 2008

LOS ANGELES-Two city agencies have renewed for 170,000 sf of office space in a $47 million lease at the Garland Center, at 1200 W. Seventh St. in Downtown Los Angeles, making it one of the largest office transactions in Southern California thus far in 2008.

The two agencies renewing in the 10-year lease are the City of Los Angeles Community Development Department and the L.A. Department of Housing, according to senior vice president Jason Warner of CB Richard Ellis, who represented Charter Holdings Inc. a wholly owned subsidiary of Wells Fargo that is the master-lessor of the Garland Center. The renewal is one of two significant office leases involving CBRE brokers in recent days, including a 17,640-sf deal in Century City at 1888 Century Park East.

The City of Los Angeles, which is one of the long-time major subtenants in the Garland Center, was represented by David Kluth of UGL-Equis and Mark Sullivan of Studley. The city will occupy approximately four and a half floors in the 724,000-sf building, which includes three lower levels, two stories of data center space, nine stories of office space and ground-level retail.

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