Lee & Associates-LA North/Ventura Transacts 28,752-SF Lease in Brentwood
First Pacific Advisors will expand and relocate into new offices
LOS ANGELES – July 15, 2014 – Scott Romick, a principal of Lee & Associates-LA North/Ventura, transacted a 28,752-square-foot office lease for the relocation and expansion of First Pacific Advisors, LLC (FPA) to 11601 Wilshire Blvd. in the Brentwood section of Los Angeles.
“Our client has been expanding and increased its footprint in the building where it has been located twice over the past three years,” said Romick, who represented FPA. “FPA was coming off of a 10-year lease, and the planning for its lease expiration started three years ago. We carefully explored all options including remaining in its existing building with the idea of taking another floor, but 11601 Wilshire offered very competitive terms with the ability to be on a larger floor plate which enabled a more efficient floor plan and work flow for our needs.”
FPA, a practitioner of value investing, will be expanding from a 23,000-square-foot space at 11400 W Olympic Blvd. The company had been located there for over 20 years.