PASADENA, CA—Bank of the West is expanding its presence at 595 East Colorado in downtown Pasadena with the signing of a lease for 5,000 square feet of space on the building's ground floor. The space is currently under construction and is expected to be open in the first quarter of 2016.
The bank's wealth management division, which provides wealth planning, investment management personal banking and trust services, will occupy the space. The group is part of BNP Paribas' global wealth management business of more than 6,300 professionals in 30 countries worldwide.
Travers Cresa represented the bank in arranging the 10-year lease. Redstone Commercial represented the landlord, The Swig Company.
Built in 1928, 595 E. Colorado totals 96,304 square feet. The property retains many of the classic finishes associated with a historic building including marble and turn-of-the-century ornamentation and the first floor features a grand banking lobby occupied by Bank of the West with 30-foot high ornate coffered ceilings. The building sits on the Rose Parade route in the heart of downtown Pasadena and includes 214 covered parking spaces for tenants and visitors to the building.
Bank of the West is a regional financial services company chartered in California and headquartered in San Francisco with $70.9 billion in assets as of March 31, 2015.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
