Properties
915 Wilshire Blvd.
Los Angeles, CA
915 Wilshire Blvd.
Overview
915 Wilshire is ideally located in the Los Angeles central business district, with a prestigious Wilshire address and access to and from the Harbor (110) Freeway. Designed by the renowned firm Skidmore, Owings & Merril, the property is currently 88.0% leased to high quality tenants such as the U.S. Army Corps of Engineers, URS, and the Department of Labor. Limited new office construction has caused office rents to substantially increase.
Description
915 Wilshire is a historically strong office asset, located ideally in the resurging Los Angeles CBD district. One block from the highest profile intersection in Downtown Los Angeles, Wilshire Boulevard and Figueroa Street, the property's location is near fine dining, numerous banking services, and several nationally flagged and prestigious hotels. In addition, the Staples Center, the Disney Concert Hall, and the currently under-construction LA Live are all within walking distance of 915 Wilshire. Although new entertainment and leisure facilities are underdevelopment or proposed, limited new office supply is expected in the near future. The building's 22,500 sf average floor plate draws in a variety of prospective tenants and offers them favorable layouts for their business needs.
Results
Brickman has received strong interest to lease the remaining vacant space and the increased price per pound that comparable properties have sold for after the 915 Wilshire purchase, has only help the value of this premier building.