U.S. Bank Renews DT Lease

LOS ANGELES—U.S. Bank has signed a 10-year lease renewal with OUE Limited‘s American subsidiary for its 105,000-square-foot space at the U.S. Bank Tower in Downtown Los Angeles. The lease transaction includes the option to renew for another 10 years.

U.S. Bank houses its regional headquarters in the 1.4-million square-foot building, and serves as the anchor tenant. “Retaining U.S. Bank as an anchor tenant was a key objective for us,” says Richard Stockton, president and CEO of OUE Limited’s Americas subsidiary. “I am thrilled that this long-term lease will keep one of the nation’s premier banks at our building for the next decade.” The class-A building is currently the tallest building in the West at 1,018 feet, but will soon be beat by Korean Air’s Wilshire Grand development.