Berkeley Point and Luther Burbank Sign Leases at SeaRise Office Tower

SANTA MONICA, CA-Berkeley Point Capital LLC and Luther Burbank Savings Corporation have signed leases totaling more than 16,000 square feet at the SeaRise Office Tower here. Industry Partners, who represented landlord, Equity Office in the transactions disclosed the deal Tuesday.

Berkeley Point, a SeaRise tenant since 2002, will continue to occupy 4,523 square feet on the building's fifth floor after signing a five-year lease renewal. Berkeley Point is the second largest originator of Fannie Mae loans, and services a  $29 billion multifamily loan portfolio.  The firm also has offices in Bethesda, MD; Boston, MA, Columbus, OH; Dallas, TX; Irvine, CA; Nashville, TN; and Seattle, WA.

Santa Rosa, CA-based portfolio lender Luther Burbank Savings will open its seventh California branch after signing a long-term lease for 11,586 square feet at SeaRise Office Tower.

Located at 233 Wilshire Boulevard in Santa Monica near the famed 3rd Street Promenade, the nine-story, 124,000-square-foot SeaRise Office Tower is distinguished by its black glass curtain wall.  Built in 1975, a multimillion-dollar renovation of the lobby and common areas were completed in 2009.  SeaRise Tower is now 94 percent leased.

Industry Partners' Jim Jacobsen and Scott Rigsby along with Tim Dornan of Avison Young represented the landlord in both transactions.   Ryan Harding of Newmark Grubb Knight represented Luther Burbank Savings and Clay Hammerstein and Danny Rees of CBRE represented Berkeley Point. 

 Industry Partners is an entrepreneurial real estate services firm specializing in the representation of landlords, tenants, and developers, with a particular focus on creative work environments and adaptive reuse projects in West Los Angeles. The firm offers real estate brokerage, investment advisory, development and construction management services.