Uber signs 18K sf lease at Onni Group’s Times Mirror Square property: sources

Los Angeles /
May.May 02, 2017 05:36 PM

Updated, Wednesday, May 3, 2017 at 10:44 a.m.: Ride-sharing company Uber is pulling into a spot inside the Times Mirror Square complex at the Times South building on 145 S. Spring Street, The Real Deal has learned.

The tech company recently signed a lease for an estimated 18,000 square feet, said sources with knowledge of the deal.

It is unknown whether the deal is a sublease or a direct lease. Both lease types have been signed this year inside the 243,749-square-foot building, CoStar shows.

Leasing agent Andrew Tashjian of Cushman & Wakefield declined to comment.

The San Francisco-based company is said to be valued at an estimated $70 billion, making it the highest-valued private tech firm. It recently signed a 52,350-square-foot lease last month at the Terminal Stores building in New York, adding nearly 12,000-square-feet of space.

The Times South building, built in 1935, is one of five buildings on the site.

Canadian developer Onni Group purchased the 750,000-square-foot Art Deco landmark campus for more than $100 million from Tribune Media, which spun off its print unit into Tronc Inc., formerly Tribune Publishing and parent company of the Los Angeles Times.

The Vancouver-based firm filed plans last year to redevelop the site. It proposed a 1,127-unit, two-tower development, The Real Deal previously reported.

The deal was first reported by the Los Angeles Times.

A previous version of the story incorrectly reported Tronc Inc. as the former owner of Times Mirror Square when it was Tribune Media.


Related Articles

arrow_forward_ios
Renderings of One Beverly Hills and Beny Alagem. (One Beverly Hills, Getty)
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Beny Alagem’s $2B Beverly Hills project gets go-ahead
The San Pedro Fish Market is one of the top-grossing restaurants in the U.S. (Getty, Facebook via San Pedro Fish Market and Restaurant / Photo Illustration by Alison Bushor for The Real Deal)
San Pedro Fish Market plans new “supersize” restaurant
San Pedro Fish Market plans new “supersize” restaurant
The Chateau Marmont (Getty) and protest signs (Unite Here Local 11)
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
Goodman CEO Greg Goodman and a rendering of the facility. (Goodman)
Goodman’s massive logistics center will target e-commerce tenants
Goodman’s massive logistics center will target e-commerce tenants
California is waiting to adopt the CDC maskless decision. (Getty)
California still says mask up at office, for now
California still says mask up at office, for now
Hudson Pacific Properties CEO Victor Coleman with 3400 Hillview and 3176 Porter (Getty, HPP)
Hudson Pacific posts profit after 2 straight quarters of losses
Hudson Pacific posts profit after 2 straight quarters of losses
Mariposa on 3rd
CGI Strategies secures $42M loan on Koreatown apartment complex
CGI Strategies secures $42M loan on Koreatown apartment complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...