The Real Deal Los Angeles

Rams closing in on 50K sf deal for new Agoura Hills HQ

LA's new NFL team may be signing a lease at 29899 Agoura Road
March 30, 2016 10:00AM

(credit: feelthedurn.wordpress.com)

(credit: feelthedurn.wordpress.com)

The Rams may be charging towards Agoura Hills.

The NFL team is close to inking a short-term deal for a 50,000-square-foot office space at 29899 Agoura Road for its new team headquarters, industry sources told GlobeSt.com. The lease would be short term until the team’s Inglewood stadium opens in 2019.

Realty Bancorp Equities, an agency that develops largely office, industrial and retail buildings in Southern California, is the landlord.

“I think that Norm Kravatz [the owner of Realty Bancorp Equities] probably reached out the Rams, but from my contacts, both on the brokerage side and in the community, I don’t think that deal has landed yet,” a source told the publication.

Since the announcement of the Rams’ return to L.A. from St. Louis, real estate firms have scrambled to be part of their potential impact on the market.

The team’s move could bring anywhere from $200 to $400 million to Los Angeles’ residential real estate market, Lee Mintz, head of the sports and entertainment division at Partners Trust, previously told The Real Deal[GlobeSt]Cathaleen Chen