Oakland-based Crosby, Heafey, Roach & May's 10-year contractwas negotiated by the Downtown office of Insignia/ESG. The owner ofWells Fargo Center, LA-based Maguire Partners, represented itselfin the transaction.
The center stands at 333 S. Grand Ave. Its sharp angles andbrown towers make the facility one of the central businessdistrict's most familiar developments.
Crosby, Heafey's decision to lease Downtown provides a spot ofgood news for a submarket that hasn't had much lately. While mostLA office submarkets enjoy a single-digit vacancy factor, more than20% of Downtown's space is currently vacant, brokerage reportssay.
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