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Lincoln Property Co. Buys the Desmond

Overhaul of downtown Los Angeles building will target creative office/retail/restaurant space.

By Bruce Haring | Updated on April 01, 2013

LOS ANGELES - Lincoln Property Co. has acquired the Desmond, a 78,500 square-foot, five-story downtown building, for $16.25 million in an all-cash deal.

Located in the South Park neighborhood of downtown Los Angeles, just two blocks east of Staples Center and the L.A. Live restaurant/entertainment complex, the building will be targeted for creative office, retail and restaurant space at over $3 per square foot in a triple net lease. Marc Renard of Cushman & Wakefield represented Lincoln Property Co. in the transaction.

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