(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).
WOODLAND HILLS, CA-Landlord LNR has awarded Jones Lang LaSalle with the leasing assignment for LNR Warner Center IV. The two-building class A office complex at 21215 and 21255 Burbank Blvd. is made up of 509,923 square feet.
The property has immediate availability for users ranging from 10,000 square feet to 43,754 square feet. LNR developed the building in 2008.
Located one block north of the Ventura Freeway, LNR Warner Center IV has large floor plates. It also features “unmatched visibility” and “convenient access to a deep and highly skilled labor pool.” In addition, it also offers numerous dining and entertainment venues and an array of amenities, both on-site and within the immediate vicinity.
Leading the leasing efforts for the property are JLL executive vice president Dan Sanchez and VP Ryan House. “Jones Lang LaSalle was selected for this assignment because of its deep understanding of the San Fernando Valley office market,” Sanchez explains. “LNR Warner Center IV is ideal for companies seeking visibility in a superior address in one of the most desirable submarkets in the Los Angeles region.”
Sanchez tells GlobeSt.com that the current occupancy rate is 48% leased with tenants including Intuit, Wells Fargo, REAL Software Systems, and Guardian Insurance. He says that asking rate at the building is “negotiable.”
Sanchez tells GlobeSt.com that “The Woodland Hills market has been somewhat soft and lacking velocity. There is currently a vacancy rate of approximately 20%.” However, he says, “there has been some good news with the recent signing of several long term deals by large tenants providing renewed stability and a firm base to build off of.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
