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| Gelena Skya-Wasserman |
LOS ANGELES, CA – Charles Dunn Company, one of the largest
full-service regional real estate firms in the western United States, has
completed a 19,042 square foot lease with Acento Advertising, Inc.
The seven-year lease is valued at $4.36 million. Acento Advertising will relocate and expand
into its new space at 2001 Wilshire Blvd. in Santa Monica in March 2013.
The firm currently has 60 employees and plans to double its staff once it
settles in its new location.
Built in 1980, the six-story property is now 95 percent
occupied with the Acento lease. Acento is the largest tenant within the office
building. The property is near LAX and the 10 and 405 freeways. It is also
within walking distance of numerous restaurants and amenities such as Veggie
Grill, Poquito Mas, and Whole Foods.
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| Roger Beck |
Roger Beck, SIOR and Gelena Skya-Wasserman of
Charles Dunn Company represented the tenant, Acento Advertising. The landlord, Douglas
Emmett, represented itself.
Acento Advertising, a full-service integrated marketing
communications agency focused on the U.S. Hispanic and Latin American markets,
was previously within a 10,000 square foot, free-standing building at 2254 S.
Sepulveda Blvd. The Beck-Skya team of Charles Dunn Company handled the
subleasing of its current space to Imaginary Forces, LLC.
“The 2001 Wilshire office building was selected due to its
high profile Santa Monica location and full top floor availability,” said Beck,
senior managing director with Charles Dunn Company out of the Sherman Oaks
office. “Our client desired a location to project a sophisticated presence
which they could utilize for significant account expansion.”
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| 2001 Wilshire Boulevard, Los Angeles, CA |
The Beck-Skya team was successful in subleasing the agency’s
existing Sepulveda building and developing an effective relocation plan for
Acento Advertising. In addition to providing space plan support, the Beck-Skya
team was also key in developing cost-effective value engineering to maximize
its new space in order to finalize the lease transaction. In addition, the team
was instrumental in providing critical scheduling and relocation services.
“Acento’s new space will be entirely remodeled to reflect
the firm’s corporate culture,” said Skya-Wasserman.
Skya-Wasserman added: “Santa Monica is a very tight
submarket with just a 10 percent office vacancy. There are very few full floor
creative spaces left in this particular area. Acento was able to take advantage
of this opportunity and current market conditions. The firm will also enjoy a
full floor of contiguous space with exposed ceilings and full perimeter glass
with views to the ocean and across West Los Angeles.”
For a complete copy of the company’s news release, please
contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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