All of the new tenants except for Comerica are new to DowntownLos Angeles. Harley Ellis Devereaux will relocate its regionalheadquarters from West Los Angeles in December, while both GoodwinProcter and Bear Stearns are opening their first Downtown LosAngeles offices to accommodate growth and complement their Westsideoffices.

According to managing director Lisa St. John of Jones LangLaSalle, the deals indicate that, "Corporate tenants are beginningto see West Los Angeles and Downtown as very distinct markets withdifferent business environments, and they find it advantageous tohave a presence in both." St. John joined with Mark McCaslin of theMcCaslin Co. and Peter Best of Jones Lang LaSalle in representingGoodwin Procter in its 20,428-sf lease at 601 S. Figueroa, wherethe law firm will occupy the entire 41st floor.

Detroit-based Harley Ellis Devereaux signed for approximately35,000 sf and plans to relocate to the space later this year underits new long-term lease. Terence Lawrence and his team fromSpectrum Strategies represented the architectural firm.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.