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 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
949.278.6224
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