November 11, 2016 Comments Off on Leasing Activity Accelerates at The Bloc Views: 798 California News, Los Angeles, West

Leasing Activity Accelerates at The Bloc

DTLA’s The Bloc signed leases totaling more than 300,000 square feet of office space, including seven new deals at the 1.8-million-square-foot property. The latest group of tenants to call the open-air, urban center home include KPFF, PlaceWorks, Krug Furniture, One Medical, MediaAlpha, Arc Capital Partners and Mance Media.

The milestone comes as the mixed-use property’s redevelopment transformation nears completion, and it prepares to unveil two new bespoke features, including the city’s first direct Metro portal and a classic Southern California rooftop lounge.

CBRE’s Chris Penrose, who handles office leasing for the property along with Jeff Pion, Deron White, and John Zanetos, notes The Bloc achieved 13% absorption of Class A office space for the total downtown area over the last three quarters, despite having only 4% of the total leasable space.

Connect With CBRE’s Penrose

Connect With The Ratkovich Co.’s Wayne Ratkovich

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