JLL represents Hill, Farrer & Burrill LLP Law firm in 25,000-square-foot lease at City National Plaza in downtown Los Angeles

 

Dean Dennis

LOS ANGELES, CA – JLL has represented Hill, Farrer & Burrill LLP in a new lease for a full floor of 25,000 square feet of office space at City National Plaza located at 515 South Flower Street in Los Angeles, California. 

Thomas McDonald

The lease represents a relocation from another office tower in downtown Los Angeles and continues Hill Farrer’s more than 100-year history in downtown Los Angeles.  Move-in is expected in June 2025.

 

"Moving into our new space reflects the firm’s dedication to the next generation of clients and lawyers,” said Hill Farrer Managing Attorney Dean Dennis.

 

“We envision it as a place where our professionals can engage more closely with clients and contacts, fostering the collaboration and trust that lie at the heart of our firm. This environment will strengthen our firm’s culture and commitment to service in a contemporary, welcoming setting."

 

Mike McKeever

JLL’s Tom McDonald and Mike McKeever along with Tony Morales represented Hill Farrer in the lease. The landlord, CommonWealth Partners, was represented in-house by John Bendetti.

 

“Despite the challenging office leasing climate in downtown Los Angeles, there are still high-quality transactions being completed with financially strong landlords,” said McKeever, JLL Managing Director. 

 

“Hill Farrer & Burrill was attracted to City National Plaza because of quality of ownership, the project amenities, outdoor space as well as the quality tenant roster.  The partners are excited to build a progressive workspace to enhance collaboration and attract the best attorneys and staff.”

 

According to JLL’s Q3 Los Angeles Office Insight Report, “a reduction in interest rates, coupled with increasing office attendance, will help spur renewed demand across LA’s diversified tenant base.” 

Tony Morales

About Snell & Wilmer

Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. 

John Bendetti

The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit 

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

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$32 million refinancing arranged by JLL Capital Markets for boutique office asset in Chicago

 

Katia Novi

CHICAGO, IL–  JLL Capital Markets has arranged a $32 million refinancing for 609 West Randolph, a 15-story boutique office property totaling 95,000 square feet in Chicago, Illinois.

 

Working on behalf of the borrower, Vista Property, JLL placed the five-year, 7.23% fixed-rate loan with JP Morgan Chase & Co.

 Completed in 2022, 609 West Randolph was designed with the next-generation workplace in mind. The building features touchless technology, cutting edge building systems and flexible floor plates ranging from 5,500 to 7,100 square feet.

Christopher Knight

Building amenities include a penthouse lounge and conference room, green rooftop space and amenity terrace, offices with private outdoor terraces and a lobby design inspired by boutique hotels. 609 West Randolph is 93.5% leased to a diverse mix of 10 tenants, including Fetch Rewards, Buford Capital and NTT Data.

 The property is positioned at the nexus of Chicago’s West Loop and Fulton Market neighborhoods offering immediate access to a variety of dining, nightlife, residential, shopping and hospitality options.

Matt Maksymec 

West Loop has also become the preferred location for corporate tenants moving into the Chicago CBD and is home to numerous Fortune 500 companies and boutique startups across varying industries.

 609 West Randolph offers tenants excellent transit access being located within walking distance of the Morgan/Lake station, the CTB bus line and a short drive to the Interstate 90/94 Expressway.

 

JLL’s Debt Advisory team representing the borrower was led by Managing Director Christopher Knight, Associate Matt Maksymec and analyst Katia Novi. 

 For more news, videos and research resources, please visit JLL’s newsroom. 

 

Contact:

 Kristen Murphy,

 JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email: kristen.murphy@jll.com

 

JLL closes sale of Valent Innovation Center in San Ramon, CA

Caroline Reynolds

SAN FRANCISCO, CA –  JLL Capital Markets has closed the sale of Valent Innovation Center, a two-story, 96,535-square-foot R&D asset

Quinn O’Connor.

JLL represented the seller, Madison Marquette. Orion Office REIT acquired the asset as the first acquisition under its new entity. The price was not disclosed.

­Most recently renovated in 2022, Valent Innovation Center offers some of the best quality lab space in the Bay Area and is fully leased to Valent USA, a wholly owned subsidiary of Sumitomo Chemical.

 

As a result, the property drew a significant amount of investor interesting spanning across institutional investors, net lease funds, high net worth investors and foreign capital.

Adam Lasoff 

JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director Adam Lasoff, Senior Director Erik Hanson, Senior Managing Director Rob Hielscher, Senior Analyst Caroline Reynolds and Analyst Quinn O’Connor.

Valent Innovation Center is located at 4600 Norris Canyon Rd. in the evolving Bishop Ranch submarket of San Ramon. Bishop Ranch is a 585-acre development boasting more than six million square feet of Class A office space, nearly 10,000 new homes under developments, two hotels and the City Center Bishop Ranch retail and entertainment project in the East Bay.

Erik Hanson

In addition, Valent Innovation Center is strategically positioned near elite research talent throughout the Bay Area, including UC Davis, UC Berkeley and Stanford University.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

 The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

Rob Hielscher

Contact:

 Kristen Murphy,

 JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email: kristen.murphy@jll.com