Innovative company’s vision draws coveted tenant to prime location
Los Angeles, CA – (RealEstateRama) — The Souferian Group, a Los Angeles-based real estate development, investment and advisory firm founded and led by Behzad Souferian and focused on developing distinctively branded and designed lifestyle-driven properties, has announced the closing of a full-floor lease for Soothe, an app-based on-demand massage technology company. The company’s expanded operations will occupy the entire sixth floor of 1800 North Highland Ave., a seven-story, Class A office structure located at the gateway to Hollywood’s world-renowned entertainment district.
The Souferian Group is in the process of repositioning the asset into an exclusive hospitality and lifestyle-based office environment, flagged by an innovative brand concept which is scheduled to be unveiled later this year.
Launched in 2013, Soothe is a Los Angeles-based on-demand massage service that delivers spa-quality massages directly to customers’ home, office or hotel. Soothe massages are available to order on-demand via the iOS and Android mobile apps as well as at www.soothe.com.
Michael Arnold of Newmark Grubb Knight Frank represented The Souferian Group in the transaction. Soothe was represented by Scott Steuber and Jeff Vertun of Avison Young.
About The Souferian Group
Founded by Behzad Souferian, The Souferian Group is a best-in-class, fully-integrated real estate development, investment and advisory company. The company is committed to creating value through a strategic plan dedicated to developing distinctive branded and designed lifestyle properties. The Souferian Group’s successful track record spans acquisitions and developments in residential, retail, office and mixed-use properties. The privately held company acquires and develops projects through its own direct investments or joint venture partnerships.