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| Union Bank Plaza, 445 S. Figueroa Street, Los Angeles, CA |
LOS ANGELES, CA – Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline.
The property was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los Angeles Conservancy.
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| Brittany Winn |
At the same time, the office tower is undergoing a $20
million renovation while preserving its historic charm. UBP is owned by KBS
Real Estate Investment Trust II.
Built in 1967, the office tower has been an iconic part of the Downtown Los Angeles skyline for over 50 years, according to Giovanni (Gio) Cordoves, regional president, western region for KBS.
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| Giovanni (Gio) Cordoves |
“The repositioning project provided the opportunity for
Union Bank Plaza ‘to be seen in a new light’ while still maintaining the
historic characteristics that make it so unique,” explains Cordoves.
“We made several upgrades to the property that are aligned with the needs of today’s tenants and completely preserved the historic original shell of the building as well as the outdoor plaza.”
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| Tim Helgeson |
“UBP is a one-of-a-kind property that spans a full city
block and exudes the charm and rich history of 1960s architecture, which makes
it a true landmark for Downtown Los Angeles,” explains Tim Helgeson, senior
vice president for KBS and asset manager for UBP.
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| Mark Zwagerman |
“As Los Angelenos begin thinking about returning to the
office, UBP offers them a building of classic design with all the modern
touches and amenities that today’s top tenants demand.”
“Union Bank Plaza is the perfect mix of old and new,” says Mark Zwagerman, principal and managing director at HLW's Los Angeles office, who oversaw the extensive renovations.
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| Adrian Scott Fine |
“The completed design truly reimagines the amenity spaces
and enhances the overall tenant experience. We could not be prouder to be a
part of a project that reestablished the property as a Class A asset in Bunker
Hill’s core and the collaborative effort by all parties involved to celebrate
its history.”
UBP is located at 445 S. Figueroa Street in Los Angeles, California, connecting the Bunker Hill business district with the burgeoning Figueroa Corridor and offering access to both phenomenal entertainment and key transportation routes.
According to Adrian Scott Fine at the Los Angeles Conservancy,
“Union Bank Plaza is a significant historical and cultural monument for
downtown Los Angeles.
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| Justin Collins |
"Its
architecture, especially the outdoor plaza, is extremely unique and was one of
the first buildings to be completed as part of the Bunker Hill Urban Renewal
project, marking a new era in how the downtown was redeveloped.
"We are thrilled to see this building become a landmark and for the continued support from KBS who worked closely with us throughout the entire nomination process.”
KBS engaged Swinerton Builders to lead construction efforts. Renderings, floor plans, virtual tours and more can be found on the building’s newly launched interactive site: http://www.ubpdtla.com/.
Pete Collins
“KBS has created an entirely new vibe at UBP,” said Justin Collins, executive director for Cushman & Wakefield and leasing agent for the building.
“With a new garden retail setting, a park-like experience on the plaza level including a variety of seating areas surrounded by new landscaping, fire pits, an indoor/outdoor conference center and a stunning new lobby, UBP is one of the most attractive and flexible work spaces in the Downtown Los Angeles marketplace.”
Brokerage professionals Justin Collins, Pete Collins, and Brittany Winn from Cushman & Wakefield serve as exclusive office leasing agents for UBP.
For more information on the historical landmark designation, visit: https://www.laconservancy.org/locations/union-bank-square.
To see the newly transformed photos, visit: here for
pre-renovation photos, visit: here and for more
information, visit www.ubpdtla.com.
CONTACT:
Micaela Fehrenbach
mfehrenbach@brower-group.com
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