LOS ANGELES-Zara, a global leader in contemporary fashion and retail, has recently signed a ten-year lease to open a 27,000-square-foot flagship store in Brookfield Office Properties' FIGat7th. The agreement marks the third largest retail lease in downtown Los Angeles during the past two decades. Zara's new store is expected to open in Spring of 2014, and will showcase the brand's trend-setting fashions for men, women and children within its signature store architecture and design.

Zara's selection of FIGat7th as a flagship location for its contemporary fashions puts the global retailer in the heart of Los Angeles' trend setting city center, accessing a market demographic that spans the district's upwardly mobile residents, urban professionals, and college students, plus a host of convention, cultural and entertainment visitors to downtown. These customer demographics are at the core of Zara's unique business model, which includes proprietary fashion design, production, distribution and sales through an extensive retail network under the Inditex Group family of brands. Zara's flagship store at FIGat7th is expected to employ 60 people.

“Zara is one of the world's largest and most respected fashion retailers,” said Ed Hogan, national director of retail leasing for Brookfield. “Their commitment to open a flag ship store in the heart of downtown LA is a defining moment for the future of retail in downtown LA. The combination of Downtown LA's world class dining with a vibrant fashion district will accelerate the growth of downtown as a place to live, work and visit.”