The Chicago School signs $16M lease at Aon Center
The university is relocating from another building in DTLA
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.