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10/24/14
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Cornerstone Real Estate Advisers LLC has retained Transwestern to manage 801 S. Figueroa St, a 24-story Class A office building in downtown Los Angeles. The building, which totals 458.1k sf of space, was recently purchased by Cornerstone on behalf of a Cornerstone-managed fund.
“We are honored to have been selected to manage this iconic building,” said Dave Rock, managing senior vice president at Transwestern. “The building is known for its unique pink granite and glass exterior and its outdoor plaza. We look forward to further elevating 801 S. Figueroa St.’s standard of excellence through best-in-class management services.”
Annie Hessen, senior property manager at Transwestern, will lead the on-site property management team. Located in the prestigious South Park area of downtown Los Angeles, the award-winning property is surrounded by a variety of restaurants and retail properties with convenient access to the Gold, Blue and Red line Metro stations.
801 S. Figueroa St, which is currently 87 percent leased, offers column-free design and efficient interior layouts featuring 12 corner offices per floor, nine-foot ceilings and floor-to-ceiling windows. The Class A building also offers state-of-the-art technology, advanced video surveillance, and on-site conveniences such as the popular Corner Bakery Café and Soleto Trattoria and Pizza Bar, part of the Innovative Dining Group, which are all located on the ground floor.
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