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

TRD LOS ANGELES /
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

arrow_forward_ios
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Jerry Snyder and SAG AFTRA plaza (Credit: Google Maps)

Prolific LA developer Jerry Snyder dies at age 90

Prolific LA developer Jerry Snyder dies at age 90
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
Rockpoint Group co-founders Keith Gelb and Bill Walton with 5900 Wilshire Blvd

Rockpoint closes on $303M deal for Miracle Mile office tower

Rockpoint closes on $303M deal for Miracle Mile office tower
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
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

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

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

Luzzatto Co. assembling creative office hub in West Adams
arrow_forward_ios

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

Loading...