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The Real Deal Los Angeles

The long wait is over: Indivest signs first tenant to Westwood penthouse office

Hotel developer Irongate is first to sign lease since Wilshire Boulevard property was completed in 1990
March 21, 2018 10:25AM

10877 Wilshire Boulevard

A Westwood office tower landlord who waited nearly three decades for the right tenant to fill a 15,000-square-foot penthouse space has finally found one: a fellow developer.

Hotel developer Irongate Capital Partners has taken the penthouse property at Indivest Inc.’s Center West tower at 10877 Wilshire Boulevard, CoStar reported.

The space had sat vacant since the building was completed in 1990, according to the report.

Irongate’s new digs includes a balcony and 18-foot floor-to-ceiling windows that offer a 360-degree view of Los Angeles from its perch atop the 23-story building.

Indivest founder and CEO Kambiz Hekmat reportedly designed the penthouse office after seeing Ronald Reagan’s 34th-story office at Fox Plaza in Century City.

Irongate already has 4,600 square feet of office it has leased at 10880 Wilshire Boulevard since 2006, according to CoStar. Some of the hotel projects Irongate has developed include those in Aspen, Colorado; and Hawaii, namely, the Trump International Hotel Waikiki.

[CoStar] — Dennis Lynch