Edelman signs 5-year lease extension at 5900 Wilshire

Ratkovich's Miracle Mile office tower will keep the giant PR firm, which occupies 30K sf

May.May 10, 2018 01:00 PM
5900 Wilshire Boulevard (Credit: Nicolas de Camaret via Flickr)

New York-based public relations firm Edelman inked a five-year lease extension at Ratkovich Co.’s 5900 Wilshire Boulevard, according to landlord Ratkovich.

The company had already been signed to a 10-year lease for 30,500 square feet at the Miracle Mile tower, according to the Los Angeles Business Journal.

Ratkovich said in a statement that it has kept occupancy at the 493,000-square-foot office building above 90 percent over the last two years.

Ratkovich has owned the property since 2005 and renovated it in 2011. It sold a 49 percent stake in the building to Paris-based AXA Group in 2016, but continues to manage the property.

The lease follows recent renewals and extensions at the building totaling 63,800. Tenants include talent agency Buchwald, marketing agency Phenomenon, and staffing agency Creative Circle, according to the L.A. Business Journal. [LABJ] — Dennis Lynch

Related Articles

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

Rockpoint Group co-founders Keith Gelb and Bill Walton with 5900 Wilshire Blvd

Rockpoint Group buying 5900 Wilshire for $310M: sources