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| The Promeande at Howard Hughes Center, 6081 Center Drive Westside Destrict, Los Angeles, CA. |
LOS ANGELES, CA (Sept. 12, 2013) – Passco Companies, LLC., a
privately held Calif.-based real estate company that specializes in the
investment, acquisition, development and management of commercial properties
throughout the U.S., has announced the repositioning of The Promenade at
Howard Hughes Center into a comprehensive entertainment destination,
according to Howard Wong, Director of Leasing at Passco Companies.
The retail center is located within the rapidly growing
“Silicon Beach” area of Los Angeles’ Westside.
The Promenade at Howard Hughes Center is located at 6081 Center Drive,
“The business and residential submarkets surrounding The
Promenade at Howard Hughes Center have undergone a massive demographic
transformation over the past five years, bringing in creative professionals
involved in the entertainment, creative tech, and gaming industries,” Wong
notes.
“Our decision to reposition The Promenade at Howard Hughes
Center was a response to the increased demand for unique dining and
entertainment options within this urban market.” he adds.
According to Wong, this demand is the result of a number of
factors, including the area’s dense residential housing market; the influx in
creative entertainment companies relocating to the area; an increase in
on-campus student housing at local universities; and an increase in tourist and
business travelers in nearby hotels.
Wong notes that an increasing number of creative
entertainment and tech companies are securing office space in this area. In
addition, residential development continues in neighboring Playa Vista, as well
as within the Howard Hughes Center itself.
For a complete copy of the company’s news release, please
contact:
Corynne Randel / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
.
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