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3/08/22
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Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp, has signed a long-term lease for 8k sf at Wilshire Grand Center in Downtown Los Angeles. Pacific Western’s office space is on the 26th floor of the office tower, along with 3.5k sf of prominent retail space within the development for a bank branch.
Located at 900 Wilshire Blvd, at Figueroa St, and anchored by the 900-room Intercontinental Hotel, Wilshire Grand Center has attracted many global firms to its prime location in the heart of DTLA. The Pacific Western Bank lease leaves only two floors still available for lease in the tower.
Wilshire Grand Center, designed by A.C. Martin & Associates as a mixed-use, amenity rich, workplace, stands as an architectural icon on the Los Angeles skyline. The 2.1 msf development, at 1,100 feet in height, is the tallest building in the Western US.
Cushman & Wakefield’s John C. Cushman, III, Steve Marcussen and Dillon Moscone represented the owner, Hanjin International Corporation, in the transaction. Kennedy Wilson represented the tenant in-house. Terms of the deal were not disclosed.
Cushman & Wakefield provides Property Management services for Wilshire Grand Center and will provide Project Management services to the tenant to develop and construct the tenant improvements.
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