PacMutual Building Inks 56 Leases

LOS ANGELES—Rising Realty Partners has signed 56 leases with new tenants in the historic PacMutual Building in Downtown Los Angeles, bringing the building occupancy from 50% to 90%. As GlobeSt.com reported in an earlier story, the PacMutual Campus recently underwent an interior and exterior renovation and received LEED-Platinum certification, becoming the oldest building in Southern California to have the esteemed green title. The renovation helped attract these new tenants to the building.  

The new tenants include the global headquarters of Nasty Gal, Gifts.com, Magnopus and the Odd Gentlemen. “When we purchased this building, it was underutilized. But we saw great potential in its bones,” says Nelson Rising, Rising Realty Partners CEO. “We knew, with the right kind of investments that we could create a hip, technologically forward and eco-friendly environment that would attract a different kind of tenant to Downtown Los Angeles.”