LOS ANGELES—Oaktree Capital Management hassigned a lease renewal with Brookfield PropertyPartners for 182,000 square feet at the WellsFargo Center's North Tower in the Downtown Los Angelesneighborhood of Bunker Hill. The renewal expands the company'sprevious lease by 26,000 square feet. This is one of the largestoffice leases signed in the downtown thisyear.

“Oaktree Capital Management is one of Downtown L.A.'s premierfirms,” Bert Dezzutti, EVP of the Western Regionfor Brookfield Property Partners, tells GlobeSt.com. “They've grownto over 550 employees in the last 20 years and it is an honor to beable to partner with them for the future.” With the26,000-square-foot lease expansion, Oaktree Capital Management nowoccupies seven full floors in the building. According toDavid Kirchheimer, Oaktree's CFO, the building isan ideal location for the firm to continue its growth plans. Theterm of the lease was not disclosed, but is being called “longterm.”

“This lease reinforces our belief that Wells Fargo Centercontinues to be one of the most attractive and relevantenvironments for business downtown,” says Dezzutti. Brookfield hassigned 700,000 square feet in leases in its Downtown Los Angelesportfolio this year, and launched DesignHive by Brookfield, anoffice suite collection that showcases modern office design to showtenants the design potential and to further increase occupancy. The52-story building is LEED certified and has 1.4million square feet of space and a three-story atrium.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.