LOS ANGELES-The 1000 Wilshire Building has reached full occupancy with the signing of two new leases totaling more than 38,000 sf at the 492,000-sf Downtown Los Angeles office tower, according to Jones Lang LaSalle. The tenants who signed the new leases are global insurance firm C.V. Starr & Co. and CH2M Hill, an environmental engineering firm.

C.V. Starr has signed a 19,204-sf foot lease to occupy the top full floor of the 22-story building and is targeted to move into the space in May in a 10-year deal, according to Jones Lang LaSalle managing director John McAniff and leasing director Tim Miller, who represented building owner Beacon Capital Partners on the two transactions. CH2M Hill has taken the entire 21st floor of 19,204 sf, having relocated from City National Plaza in a five-year transaction valued at $2.9 million.

The 1000 Wilshire building was built in 1987 as the first post-modern high-rise in Los Angeles, at the gateway to the Financial District. Its tenants include Wedbush Morgan Securities, Buchalter Nemer, Hana Financial, Grant Thornton, and First Standard Bank. In the two recent leases, C. V. Starr was represented by Clay Hammerstein of CB Richard Ellis and CH2M Hill was represented by Brian Davies and Dan Gallup of CRESA Partners.

The 1000 Wilshire property has reached full occupancy in a Downtown Los Angeles office market where the direct vacancy rate stood at about 12% and the overall availability at about 13% at the end of the year, according to market reports. The Downtown submarket totals about 35 million sf to 37 million sf, with nearly 30 million of it in the Central Business District.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.