(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).
PASADENA, CA-Those who follow @GlobeStcom on Twitter may have seen a post teasing the announcement yesterday, but GlobeSt.com has exclusively learned that Jones Lang LaSalle has been awarded the leasing and management of Pasadena Towers. The two building, 479,249-square-foot, class-A office complex is located at 800 E. Colorado Blvd. and 55 S. Lake Ave. Here in Pasadena, CA.
JLL was hired by the landlord, an affiliate of Beacon Capital Partners LLC, which acquired the building in January, 2012. Leading the leasing efforts for Pasadena Towers are Jones Lang LaSalle Los Angeles team members Shaun Stiles, John McAniff and Katie Blasiar. Jones Lang LaSalle director of property management, Michael Prabhu will handle the property management oversight.
“The Tri-Cities office leasing submarket began to stabilize in 2011 with Pasadena leading the way with 92,394 square feet of absorption in the fourth quarter alone and vacancy falling to 22.6%,” says Stiles. “Engineering and technology firms continue to be very active in this area because of its proximity to the California Institute of Technology and Jet Propulsion Laboratory.”
Located at the southwest corner of Colorado Boulevard and Lake Avenue, Pasadena Towers is just minutes from the I-210 Freeway, providing convenient access to multiple Los Angeles submarkets. The property is in the heart of Pasadena's Central Business District with unsurpassed assess to retail, restaurants and other amenities.
At 73% leased, Pasadena Towers' tenant roster includes First Quadrant, Morgan Stanley, Tokio Marine and Zurich. JLL did not respond to GlobeSt.com queries on asking rent or further marketing strategies by deadline.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
