U.S. Bank Tower Signs New Tenant
4 Oct, 2007, Los Angeles, CA
Cornerstone Research has signed a long term lease for 28,604 square feet at 633 West Fifth Street in Downtown Los Angeles. Cushman & Wakefield’s Brian Ulf, Senior Director, and Andrew Altman, Associate, represented the tenant in the transaction. Landlord Maguire Properties was represented in-house by Pat McRoskey, Lalo Diaz and Josh Wrobel. Cornerstone was previously located at 515 South Flower Street.
Cornerstone Research will immediately occupy the 31st floor and expand onto the 32nd floor of the U.S. Bank Tower owned by Maguire Properties. The firm specializes in providing attorneys with litigation consulting and expert testimony in complex litigation, specializing in the areas of intellectual property, securities, financial institutions, antitrust, energy, and accounting. It retains offices around the country and has a staff of more than 400 nationwide.
The Cushman & Wakefield team of Ulf and Altman was instrumental in:
-Identifying long-term high-end space with guaranteed growth options.
-Securing subtenant to backfill existing space and securing temporary Class A spec suite to facilitate sublease.
-Negotiating license agreement, sublease, temporary space and landlord consent.
-Moving the tenant successfully into permanent space.
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Cushman & Wakefield is one of the world’s largest commercial real estate services firms. Founded in 1917, the firm has 215 offices in 56 countries, and 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm’s Web site at www.cushmanwakefield.com.