Charles Dunn Company Completes 26,336 Square Foot Office Lease Valued at $8 Million with California Community Foundation in Downtown Los Angeles
LOS ANGELES, CA – June 21, 2011 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a 10-year, 26,336 square foot office lease valued at $8 million with California Community Foundation (CCF) and U.S. Bank.
Chris Runyen of Charles Dunn Company represented both the tenant and the landlord in the transaction.
CCF, a philanthropic organization, relocated and expanded from 17,000 square feet at Union Bank Plaza and leased new expanded space that includes a 7,000 square foot conference center within Figueroa Courtyard. Figueroa Courtyard is a five-building, 271,000 square foot low-rise office project located on four lushly landscaped acres in the only park-like office environment in Downtown Los Angeles. The property features a full-service café, water features and abundant parking, and is located at Third Street and the 110 Freeway.
“CCF leased the former executive offices of California National Bank,” said Runyen. “This created a significant savings for both the tenant and the landlord, since the tenant was able to make use of the existing improvements and high-end finishes and furniture in the space.”
CCF will join other prestigious non-profits currently located at the project, such as One Legacy, Associated Press, MPR and UCLA Extension.
About Charles Dunn Company
Charles Dunn Company is one of the largest full-service regional real estate firms in the Western United States. Established in 1921 and headquartered in Los Angeles, the firm’s brokerage practice continues to be a market leader. The firm also manages more than 20 million square feet of office, industrial, retail, residential and mixed-use properties for third party clients and provides construction management, architecture and design, general contracting and capital markets services. With more than 260 team members in nine offices, Charles Dunn Company’s reach extends far beyond its physical locations, as its experienced professionals leverage their market knowledge, relationships, and expertise to achieve and exceed client expectations. www.charlesdunn.com
