NAI Capital Negotiates 47,173 SF 10-Year Lease Renewal on Behalf of Los Feliz Charter School For The Arts
Los Angeles, CA, May 15, 2018– Executive Managing Director Joseph Faulkner with NAI Capital’s Tenant Consulting Group in Downtown Los Angeles negotiated a 47,173 square foot, 10-year lease renewal on behalf Los Feliz Charter School For The Arts (LFCSA) at 2709 Media Center Drive, Los Angeles, Calif. The property manager, GTR Consulting, Inc., represented the owner in the transaction. Total consideration was in excess of $7M.
2709 Media Center Drive, is part of Los Angeles Media Tech Center, which comprises a seven building 400,000 square foot development completed in 2000. The building features award-winning space design, with a creative, open office environment. The project is strategically located between the Los Angeles, Pasadena, Tri City and San Fernando Valley central business districts which are accessible within minutes from the site. LFCSA has been at this location since 2016.
Los Feliz Charter Middle School for the Arts is a place where students, teachers, parents, and the community collaborate to create a nurturing and inspiring learning environment where students can develop academic and life skills through creativity, inquiry, investigation, and reflection. Our arts integrated curriculum nurtures curiosity, confidence, collaboration, resilience, and civic engagement, enabling students to approach learning in different ways. Through project-based, constructivist learning, students are able to take risks and be actively engaged in their learning experience. In addition, LFCMSA endeavors to become a model arts integration school and training facility that shares best practices and impacts our educational system and community. http://losfelizarts.org/
Faulkner said, “LFCSA is very happy being at the Los Angeles Media Teach Center. They are a joy to work with, and they care about the community they serve. They are pleased to remain at this location.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
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To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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