The Chicago School signs $16M lease at
Aon Center

The university is relocating from another building in DTLA

Nov.November 06, 2018 08:00 AM
Chicago School President Michele Nealon, with Aon Center

The Chicago School of Professional Psychology is relocating its Los Angeles branch from one building in Downtown L.A. to another.

The institution, which has campuses around the country, inked a deal to occupy 37,500 square feet, or two floors, at the Aon Center in a lease valued at $15.7 million, brokerage Cushman & Wakefield said Monday.

The lease will start in June of 2019 and extend 10 years and five months. The 62-story property, located at 707 Wilshire Boulevard, is owned by the Shorenstein Company.

Other tenants at the skyscraper include anchor tenant Aon Corporation and law firm Morrison & Foerster.

The Chicago School will be relocating from 617 West 7th Street, where it has occupied space since 2008.

Ryan Phillips and Eric Duncanson of Cushman & Wakefield’s L.A. office collaborated with other brokers from the firm’s Chicago office to represent the university. Josh Wrobel, Tim Miller and Dana Vargas at JLL represented the landlord.

With more than 4,200 students, The Chicago School has campuses in L.A., Chicago, San Diego, Washington D.C., New Orleans and Dallas. The not-for-profit graduate school focuses on psychology and related behavioral health science programs.

Related Articles

Equity Residential CEO Mark Parrell and a rendering of the 4th and Hill tower

Equity Residential’s long-stalled DTLA residential tower project is back

Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

Los Angeles City Planning Commission President Samantha Millman and a rendering of the Flower Market project (credit: Brooks + Scarpa and Twitter)

Development bloom: SoCal Flower Market mixed-use project in DTLA clears hurdle

Downtown Los Angeles (credit: Jeff Cleary and Laurie Avocado)

Rezoning Downtown — Skid Row included — must include more affordable housing, advocates say

Lizard Capital CEO Bingyi Huang and a rendering of the Spring Street Hotel

Appeal settled, Lizard Capital’s jagged-look DTLA hotel project has start date

Rexford Industrial Realty co-CEOs Howard Schwimmer and Michael S. Frankel

Rexford signs film and TV props supplier to giant warehouse lease Downtown

The Skid Row City Limits mural

LA wants to rezone Skid Row to allow 100K units of new housing

A rendering of Fig and 8th

Mitsui Fudosan secures final approval for 41-story DTLA tower