LOS ANGELES-Corporate and real estate transactional law firm Sklar Kirsh has signed a lease for a 10,000-square-foot office space at 1880 Century Park East, GlobeSt.com learns exclusively. The long-term lease is valued at more $4 million, and is close to the firm's former location at 1875 Century Park East.

“This was a very smooth lease transaction,” says Andrew T. Kirsh, Sklar Kirsh co-founding partner and real estate department chair. Kirsh negotiated the lease on behalf of his law firm. “I've handled many lease transactions for clients, and I was impressed with the in-house leasing team and their cooperation throughout the leasing process.”

Since launching in February of this year, the firm has grown to 11 attorneys, and needed a larger space to accommodate the growth. The new space, occupying half of the third floor, will also accommodate the firm's estimated future growth, which includes hiring an additional four attorneys by mid-2014.

Held Properties owns the 15-story, class-A building, which currently has a 97% occupancy. “They did everything they could to address our needs. It is not surprising that their tenants are very satisfied in their buildings.” says Kirsh

Held Properties' high occupancy is no surprise. Century City is a hotbed for class-A office space, but does not offer many residential options. Earlier this year, California Landmark Group purchased the last undeveloped parcel of land for $13 million, which included an option to build 10, 5,000-square-foot homes. The homes will offer employees in the area residential options.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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