Good news for the Wilshire Grand Center as Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp, announced they have just signed a long-term lease proving once again DTLA is the best place for commercial real estate investments.
The commercial banking company leased 8,010 square feet of office space on the 26th floor of the office tower, along with 3,500 square feet of prominent retail space within the development for its bank branch.
Located at Wilshire Blvd and Figueroa St and anchored by the 900-room Intercontinental Hotel, the Wilshire Grand Center has attracted many global firms to its prime location in the heart of DTLA.
The Wilshire Grand was designed by A.C. Martin & Associates as a mixed-use, amenity rich, workplace and forever changed our city,s skyline.
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The 2.1-million-square-foot development features the 900-room InterContinental Hotel and the largest meeting room and ballroom complex in Los Angeles. Reaching to 1,100 feet, the Wilshire Grand Center is the tallest building in the Western US.
Looks as though DTLA Commercial Realtors having been working diligently as this new lease leaves only two floors still available in the tower.
Cushman & Wakefield’s Chairman of Global Transactions, John C. Cushman, III, Executive Director, Steve Marcussen, and Director, Dillon Moscone represented the owner Hanjin International Corporation in the transaction. Kennedy Wilson represented the tenant in-house.
