search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
Los Angeles

Indian Tribe takes 24K feet at Monterey Park’s corporate center

900 Corporate Center Drive
900 Corporate Center Drive

Torres Martinez Desert Cahuilla Indian Tribe, a federally recognized tribe, has inked a deal for 24,408 square feet at 900 Corporate Center Drive in Monterey Park for its administrative offices.

The deal is valued at close to $8 million over the course of the 126-month term of the contract.

The building is one of four located within LA Corporate Center, a complex totaling 394,000 rentable square feet. With this lease, the building is now 94 percent leased.

Sign Up for the undefined Newsletter

The four buildings are owned by a joint venture between the Blackstone Group and SL Green. Equity Office Properties, a Blackstone affiliate, heads up the portfolio’s management and leasing.

Linda Lee, Scott Unger and Bill Boyd of Charles Dunn Company’s Glendale office represented the landlord, while Steve Seinfeld of Cresa represented the tenant.

“The tenant sought out and compared other office buildings in the area and found 900 Corporate Center Drive to provide the most affordable cost of occupancy with the best freeway access and central location for the tenant’s employees,” Unger said in a statement. — Katherine Clarke

Tags
Blackstone