Charles Dunn Company Negotiates Downtown L.A. Lease Renewal for Associated Press
Torrance, CA – November 29, 2010 – (RealEstateRama) — Chris Runyen of Charles Dunn Company, one of the largest full service regional real estate companies on the West Coast, represented the landlord, U.S. Bank, in a 10-year lease renewal of Associated Press’ offices at Figueroa Courtyard in Downtown Los Angeles. The largest West Coast bureau of AP, the 15,444-square-foot office is located at 221 S. Figueroa Street. The value of the transaction was approximately $5.5 million.
Runyen, working out of Charles Dunn’s Downtown L.A. office, said AP has occupied this location for the last 20 years. Brian Feist, formerly of Colliers International in New York and Nathan Pellow of Colliers International in LA represented AP. The project, which consists of five office buildings situated on approximately 4.5 acres of lushly landscaped grounds in the heart of Downtown L.A., is currently 80 percent leased.
About Charles Dunn Company
Charles Dunn Company is one of the largest full-service brokerage firms on the West Coast. Established in 1921, the Los Angeles-based company provides a full complement of real estate services. For more information and office locations, please visit www.charlesdunn.com.