Rising Realty fills Park Calabasas with latest big lease

AmaWaterways will take 50K sf at the office complex, whose tenants include Coty and Spaces

TRD LOS ANGELES /
Nov.November 20, 2019 08:00 AM
The Park Calabasas and Chris Rising (Credit: Jeff Newton)
The Park Calabasas and Chris Rising (Credit: Jeff Newton)

Rising Realty Partners just filled its Park Calabasas office complex with the addition of its newest tenant, River cruise company AmaWaterways, The Real Deal has learned.

AmaWaterways will occupy 50,000 square feet at The Park Calabasas, which will be its new headquarters. Rising’s campus, at 4500 Park Granada, has 225,000 square feet of office space spread across 20 acres.

CBRE’s Matthew Heyn represented Rising in the deal, while CBRE’s Marc Spellman represented AmaWaterways.

AmaWaterways, which offer cruises around the world, is expected to move into its new location in June, from its current Calabasas headquarters at 26010 Mureau Road.

In August, worker’s compensation servicer Republic Indemnity, an affiliate of the Great American Insurance Group, signed a 50,000-square-foot lease at Park Calabasas.

The Downtown-based Rising — led by Chris Rising — paid $38 million for the campus in 2013, then transformed the aging development into a creative office complex.

Tenants include beauty company Coty — which just paid $600 million for a majority stake in Kylie Jenner’s Kylie Cosmetics — and IWG-owned Spaces co-working firm. Spaces leased 17,000 square feet in May 2018.


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