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Monday, 24 June 2002

West Regional Digest (6/25/02): Maytag, Steelcase Sign Leases in LA

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June 25, 2002

Maytag, Steelcase sign leases in LA
Los Angeles times

LOS ANGELES – Home appliance manufacturer Maytag Corp. has signed a five-year lease for about $7 million for 455,000 square feet at the Mira Loma Space Center. The build-to-suit project is at Hopkins Street and Etiwanda Avenue. Walt Chenoweth, Frank Geraci and Dan De La Paz of CB Richard Ellis represented Maytag. The landlord, Minneapolis-based Space Center, was represented by Jay Dick. The same CB Richard Ellis brokers, along with Tom West, also arranged a 449,000-sf lease of manufacturing and distribution space for Steelcase Inc. at 228 Mayo Ave. in City of Industry. The lease with landlord Majestic Realty Co. is valued at about $17 million.

Lehman provides $10.5Mln for 2 office buildings in Calif.

LONG BEACH, Calif. – Lehman Brothers has provided nearly $5 million for an office building at 115 Pine Ave. The L'Opera building is a six-story office tower containing 65,468 sf. The building was built in 1906, renovated in 1989, and is designated a historical landmark. The property is 93 percent occupied. Lehman also provided $5.5 million for an office building at 3808 Riverside Drive in Burbank. The Toluca Lake Center office building is a five-story office tower plus penthouse containing 42,340 sf. The building was built in 1964. The property is 97 percent occupied and includes 119 parking spaces. Richard F. Scandaliato, senior vice president/senior director in NorthMarq Capital's Los Angeles office, arranged the financings.

Lehman provides $5.5Mln for Long Beach, Calif., property

LONG BEACH, – Lehman Brothers has provided more than $5.5 million for an office building at 200 Pine Ave. The six-story City Centre contains 68,262 sf. The building was built in the 1930s and renovated in 1963 and 1994. The property is 91 percent occupied. The property also includes a five-level parking structure including 123 parking spaces. Richard F. Scandaliato, senior vice president/senior director in NorthMarq's Los Angeles office arranged the financing.

JP Morgan provides $3.3Mln for Calif. office building

NEWPORT BEACH, Calif. – J.P. Morgan has provided $3.3 million an office building at 4220 Von Karman Ave. Michael T. Elmore, senior vice president in NorthMarq's Los Angeles office, arranged the financing. The property is a two-story, 27,951-sf office building in the Koll Center. The building is 100 percent leased to three tenants.

Kilroy begins construction on AMN HQ in Del Mar, Calif.

DEL MAR, Calif. – Kilroy Realty Corp. has begun construction on the new headquarters for AMN Healthcare Services at 12400 High Bluff Drive. AMN is set to occupy 175,000 sf of the 210,000-sf Class-A office building in August 2003.

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  • Subject: West Regional Digest (WDIG)
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