Thursday, December 20, 2012

Charles Dunn Co. Completes 19,042-SF Office Lease With Acento Advertising, Inc. in Santa Monica, CA

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.

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.”

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.

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