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April 14, 2021
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SOUTHERN CALIFORNIA NEWS
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GSA Inks Renewals Worth $80 Mil at Long Beach Office Tower

4/02/21

The U.S. General Services Administration (GSA) has agreed to $80 mil in lease renewals for over 140k sf of space at Shoreline Square, a Class A office tower in Long Beach. The 20-story high-rise, owned by Parallel Capital Partners, totals 410k sf and is located at 301 East Ocean Blvd.

Part of a master-planned, mixed-use development in the heart of the Long Beach’s Central Business District, the Shoreline Square building is also home to Comerica Bank, Tesoro Refining & Marketing Company, Mieco Inc, the State of California and Dassault Systems Americas. Shoreline Square is currently 87% percent leased.

“This is a highly desirable property ideally located near the ports of Long Beach and Los Angeles – in a dynamic and diversified waterfront urban locale – and is also LEED-Gold certified, with a 91 Energy Star score, the equivalent of using 42% less energy than the national median average for similar building size, location and type,” commented Matt Root, CEO of Parallel Capital Partners. Adding to the building’s appeal, he said, is the recent installation of a state-of-the-art needlepoint bipolar ionization air sterilization system designed to protect people from pathogens and eliminate pollutants in the air.

Brian Saal of CBRE represented Parallel Capital Partners, while John Winnek of Cushman & Wakefield represented both tenants.





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