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December 8, 2019
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SOUTHERN CALIFORNIA NEWS
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The RealReal Leases 30k sf Creative Office Space in L.A.

5/31/19

TheRealReal, an online luxury consignment company, has agreed to a lease for the entire 29.7k sf creative office conversion building at 3317-3325 W. Exposition Blvd, just east of Crenshaw Blvd in L.A.’s Exposition Place District. Terms of the lease were not disclosed.

The two-story brick building features exposed steel beams, wood bow-truss ceilings and a large column-free space with an open galley kitchen space and partial loading/distribution option. Exposition Pl. 3317-25 benefits from a central location steps from the Metro’s Expo/Crenshaw station.

TheRealReal is relocating from Century City to the property. Move in is expected by end of year.

NKF’s Brad Feld, Chris Beck and Alex Bergeson represented the owners, Lion Real Estate Group and The Borman Group, two LA-based real estate investment and development firms. NKF’s Jennifer Frisk and Shannon Aja repped the tenant in the transaction.

“A surge of new companies and highly-skilled young professionals are entering the area as a number of high-profile developments near completion. With the recent opening of the Metro Expo Line connecting West LA to all areas of the city and the anticipated opening of the north/south Crenshaw Metro Line connecting the rail system to LAX, commuting to Downtown, the Westside, K-Town, Hollywood, Burbank, Glendale and Pasadena has and will become increasingly simple within this pivotal location in the center of Los Angeles,” said Feld.

To that point, the area will be adding a number of new residential and retail developments including the 492-unit Watt Development, an Olson development encompassing 100 townhomes and condominiums, as well as the 27k sf District Square featuring shops and restaurants.





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