PASADENA, CA, Mar. 2, 2012 .– Colliers International, the third largest global real estate services organization represented Personal Assistance Services Council of Los Angeles County (PASC) in a 5-year, 11,352-square-feet office lease located at Gateway Metro Center (top left photo).
The Class-A office building is located at 3452 East Foothill Boulevard, Pasadena, Calif. The transaction is valued at $1.4 million.
Kevin Fenenbock (top right photo), Senior Vice President and Shawn Salimian (middle left photo), Associate, both based in Colliers International’s Encino office, represented the Tenant, Personal Assistance Services Council of Los Angeles County, a public authority for in-home supportive services.
The property owner, Gateway Metro Center, LLC was represented by Shadd Walker (middle right photo), Senior Vice President and Eric Solomon, Associate Vice President of Colliers International Downtown Los Angeles office.
“PASC was able to expand into a larger space as a full floor tenant in an institutional quality building in an excellent location with freeway visibility and Metro Gold Line/bus access,” said Fenenbock..
“The minimal tenant improvement costs coupled with a lower load factor as a full floor tenant, ultimately led PASC to significant savings over their current location.”
The new location’s close proximity to public transportation and increased accessibility throughout the building, will be beneficial for the seniors and individuals with disabilities that PASC serves.
Colliers International representing both sides of this transaction helped accelerate the negotiation process and allowed both parties to successfully execute this transaction within a narrow time frame.” said Salimian.
Contact:
Jennifer Hsieh
Regional Marketing Manager
+1 949 724 5545
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