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| JM Eagle Building, 5200 West Century Boulevard near Los Angeles International Airport, Los Angeles, CA |
LOS ANGELES, CA, Aug.19,
2015 – Charles Dunn Company, one of the largest full-service regional real
estate firms in the western United States, has completed a five-year,
50,147-square-foot office lease renewal with the County of Los Angeles valued
in excess of $6 million.
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| Chris Runyen |
The space is within the 10-story, 325,000-square-foot
JM Eagle building near LAX in Los Angeles.
Chris Runyen, Jason Cope, and Amir Madadi of Charles Dunn Company represented the owner, JM
Eagle, the world's largest manufacturer of PVC pipe and related plastics
products. The tenant represented itself.
Built in 1983, the Class A
property is located at 5200 W. Century Blvd. and offers convenient access to
the 405 and 105 freeways.
“The LAX market has
traditionally carried a high vacancy, but the area is changing quickly,” said
Runyen.
“Vacant office buildings have become attractive to developers as
potential conversions to hotels, and we’ve seen a significant number of tech
and creative tenants considering the market as a less costly alternative to El
Segundo, Playa Vista, and Silicon Beach.”
Runyen noted that the
occupancy of the JM Eagle building was 60 percent occupied 12 months ago, and
is now at 70 percent with a strong amount of leasing activity with small- to
mid-sized tenants.
For a complete copy of the company’s news release,
please contact:
Darcie Giacchetto
949.278.6224
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