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7/10/12
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An affiliate of New York private-equity firm Investcorp International Inc has awarded the leasing for Park Tower, a 120k sf, Class A office building in Long Beach, to Jones Lang LaSalle. The building, located at 5150 E. Pacific Coast Hwy, has immediate availability for users ranging from 200 sf to 5k sf.
Located on Pacific Coast Highway, Park Tower is just minutes from the 405, 605 and 22 Freeways, providing convenient access to multiple Los Angeles County and Orange County submarkets. The property recently underwent a complete renovation of all common areas including a brand new contemporary lobby and 7th floor conference lounge available to tenants of Park Tower. Park Tower has unsurpassed access to retail, restaurants, golf courses, beaches and other amenities.
Investcorp International acquired the property in fourth quarter of 2011. At 91 percent leased, Park Tower's tenant roster includes ChildNet, AlphaStar, Argus Medical Management and Beach Business Center, an executive suites center on the second floor.
Jones Lang LaSalle Senior Vice Presidents James Estrada and George Thomson are handling the leasing efforts.
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