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October 23, 2018
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ARUP Engineering Inks $57 Mil Relocation Lease at Wilshire Grand in Downtown L.A.

6/11/18

ARUP Engineering has agreed to a lease for 66k sf in the new Wilshire Grand Building, the first new office building to be constructed downtown in the past three decades. The 15-year transaction has a total value of $57 mil, which works out to around $4.80/sf/mo. We’re told the deal represents the largest corporate relocation into downtown Los Angeles this year.

ARUP will occupy three full floors in the architecturally striking, David Martin-designed building, which, in addition to its office space, includes a five-star hotel, conference facilities, a full gymnasium, a variety of restaurants including a roof-top eatery, and such amenities as bicycle storage and direct access to Metrolink’s Seventh Street station. The move from its current Playa Vista space also represents an expansion for the engineering firm, which expects to grow its workforce from from its current 300 employees to 400 full-time workers, in its new space.

Nathan Pellow and Terence Kirk with Colliers International represented the Los Angeles office of the London-based ARUP, which provides engineering services on a variety of private and public projects around the world. The firm has worked with the cities of Los Angeles and Long Beach on major infrastructure assignments, as well as notable projects at Dodgers Stadium, Los Angeles International Airport and The County Museum of Art. Legacy Partners of New York partnered with Colliers to represent ARUP.

Steve Marcussen and John Cushman III with Cushman & Wakefield represented Hanjin/Korean Air, developers and owners of the landmark, 73-story skyscraper. The tower stands as the tallest building west of the Mississippi River.

“We evaluated numerous alternatives both on the Westside and downtown over a period of 18 months,” said Pellow. “Downtown just made the most sense for ARUP in terms of accessibility in every sense of the word – commuting options, affordable residential housing, and dozens of onsite and offsite amenities within walking distance.”

In addition to its status as the tallest building in the West, Wilshire Grand offers its tenants the most seismically advanced safety elements of any building in the earthquake-prone region. It also features the most progressive environmental qualities available, including an interior ventilation system that brings fresh air into the building, vastly improving the air quality on its 73 floors.






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