Tuesday, August 16, 2016

Charles Dunn Co. Completes Office Lease Valued at $10.7 Million with Los Angeles County Fire Department in Monterey Park, CA

1255 Corporate Center Drive, Monterey Park, CA

Linda Lee
LOS ANGELES, CA, Aug. 16, 2016 – Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a new, 37,000-square-foot office lease at 1255 Corporate Center Drive in Monterey Park, Calif. on behalf of the ownership, Los Angeles Corporate Center.

The tenant, Los Angeles County Fire Department, signed a 10-year lease valued at $10.7 million and will move into its new space early next year.

Linda Lee, Scott Unger and Bill Boyd of Charles Dunn Company’s Tri-Cities office represented the landlord.  The tenant represented itself.

“The LA County Fire Department was looking to expand into additional space near its East Los Angeles headquarters,” said Lee.

 “The tenant was previously leasing 3,000 square feet of space at 1255 Corporate Center Drive and liked the property, as well as its proximity to its headquarters which is just on the other side of the 710 Freeway. We are pleased that the LA County Fire Department has decided to make a long-term commitment to this well-managed, high-quality office asset.”

Scott Unger
The 1255 Corporate Center Drive building is a four-story office property totaling 79,000 rentable square feet that provides tenants free parking in the building’s adjacent surface parking lot.

The building is now 95 percent leased with the completion of this latest lease. The property is located within LA Corporate Center, a four-building office campus that totals just over 394,000 rentable square feet of office space.

LA Corporate Center features extensively landscaped grounds, and dramatic views from its hill-top perch. The members of the Charles Dunn leasing team have represented the LA Corporate Center for the past ten years. 

Unger observed: “The Monterey Park office market boasts a vacancy of less than seven percent and is one of the most popular office markets in LA County.

"It is experiencing an increase in occupancy due to both expansions from government users and technology firms within the city as well as new companies entering the market.”

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

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