Why Corporate Tenants Are Heading Downtown

Jay Butterfield is an managing director at American Realty Advisors.

LOS ANGELES—For several years, Downtown Los Angeles has been running a campaign to attract a diverse collection of office tenants to move to the submarket. Now American Realty Advisors is responding to the call, moving its headquarters operations from Glendale to the Downtown market. This firm has leased the 49th floor of 515 S. Flower Street in the City National Plaza, and says that the new location will help it to achieve its growth goals and attract new talent.

“We have recognized the importance of being close to clients, partners and service providers, and the financial community overall,” Jay Butterfield, managing director of Fund Operations at American Realty Advisors, tells GlobeSt.com. “Downtown Los Angeles is more centrally located, and it will make us more attractive to potential employees coming to work closer to L.A.’s urban center. It also affords more commute and mass transit options for our employees than a mass transit option. That really ties back into our commitment for sustainable business practices.”