WeWork inks 70K sf lease at Pacific Design Center’s RedBuilding

Los Angeles /
Jul.July 27, 2017 08:30 AM

WeWork just signed a lease for two full floors in the Pacific Design Center’s RedBuilding in West Hollywood, its landlord Charles Cohen announced Wednesday.

The co-working firm will have a footprint of 70,000 square feet on the seventh and eighth floors. WeWork joins gay hookup app Grindr, Abrams Artists Agency and Digital Brand Architects as tenants of the red, glassy building at 750 San Vicente Boulevard.

While terms of the lease are unknown, the asking rate of Grindr’s expansion last year was $4.75 per square foot per month modified gross. This figure would amount to just under $4 million per year for WeWork’s space.

The tenant was represented by Anthony Gatti of CBRE in the transaction. Cohen Brothers Realty’s Marc Horowitz, the national director of leasing, represented his firm.

WeWork is a tenant in one of Cohen’s New York properties: It leases 100,000 square feet at 135 East 57th Street. Now valued at $20 billion, the company has 15 offices in L.A., not including its latest deal.

WeWork’s most recent lease deal in L.A. was for 75,000 square feet in Worthe Real Estate Group’s Tower Burbank at 3900 West Alameda Avenue, The Real Deal reported in January.


Related Articles

arrow_forward_ios
Colton Mayor Frank J. Navarro (City of Colton, California)
Colton to extend moratorium on distribution warehouses
Colton to extend moratorium on distribution warehouses
Red Mountain Retail Group's Michael H. Mugel with 11901-12089 Central Ave (Red Mountain, Newmark, iStock)
Red Mountain goes shopping for retail in Inland Empire
Red Mountain goes shopping for retail in Inland Empire
3440 Lomita Boulevard (Loopnet)
Cedars-Sinai buys medical office building in South Bay
Cedars-Sinai buys medical office building in South Bay
GI Partners' Rick Magnuson and One Wilshire (GI Partners, One Wilshire)
Here’s how much tenants are paying at One Wilshire in DTLA
Here’s how much tenants are paying at One Wilshire in DTLA
Link Logistics' Luke Petherbridge with 5200 Sheila Street (Link Logistics, iStock)
Aerospace outfit leases 115K sf warehouse in Commerce
Aerospace outfit leases 115K sf warehouse in Commerce
Bicycle Hotel and Casino (google Maps, iStock)
Investor scores $210M for Bell Gardens casino deal
Investor scores $210M for Bell Gardens casino deal
Dollinger Properties' Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images)
$54M for Santa Clarita retail center
$54M for Santa Clarita retail center
Renderings of the project at 8500 Santa Monica Blvd (Tighe Architects)
Six-story apartments eyed at Santa Monica and La Cienega
Six-story apartments eyed at Santa Monica and La Cienega
arrow_forward_ios

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

Loading...