725 Arizona Ave.
Santa Monica CA
Class B Office Building
37,775 rsf / 4 Stories
Ownership: CIM Group
- Marketing & Leasing, office space
- Advise on spec-suite build out
Traditional office with rents of $3.65/rsf/month in Q2 2012.
Positioning and lease up of 22% vacant traditional office space.
Strategy & Results
Advised new ownership on market potential prior to acquisition and strategy after close for lease up. Advised on spec build out of vacated suites to “creative” office with modified ceilings, concrete floors, and open plan. Brought building to 100% occupancy. Current rents on turn exceed $4.65/rsf/month.