join neighboring tenants

Transcription

1 join neighboring tenants PROPERTY DESCRIPTION Location 437 Broadway, Los Angeles, CA Available Spaces Ground Floor: ±2,111 SF, $3.50/SF/Month, NNN (retail) Mezzanine: ±4,000 SF, $2.50/SF/Month, NNN (office) 2nd Floor: ±17,000 SF, $2.50/SF/Month, NNN (office) 3rd Floor: ±17,000 SF, $2.50/SF/Month, NNN (office) Grand Central Market 4th St. PROPERTY HIGHLIGHTS Large floor plates - each approx. 17,000 SF - Mezz., 2nd, 3rd floors can be combined Anchor tenant: Planet Fitness, ±29,000 SF (majority of ground floor and basement) 1 block from the 5th and Hill Street Red Line Subway Station as well as the Grand Central Market, which is being repositioned as a gourmet-driven farmer s market One of the only properties along Broadway that links the Financial District with the Historic Core Adjacent to Hotel Clark, which is being converted into a 4-star, 300 room boutique hotel as well as the famed Pershing Square Building, one of Downtown s most popular creative office buildings that boasts a 3-level rooftop restaurant, bar, and lounge (Perch) Fully retrofitted property with ample area parking Entrance Hill St. 5th St. Broadway Entrance

2 AERIAL MAP 416 Broadway Area Developments 1. Pershing Square: two farmer s markets per week; dog park; summer concert series; winter ice rink 2. Title Guarantee Lofts: 76 apartment lofts 3. Development Site: entitled for 1,000 residential units; hotel; retail 4. Metro 417: 280 apartment lofts 5. Perch: 3 level rooftop bar; lounge; restaurant 6. Pershing Square Bldg.: fully occupied high-end creative office bldg. 7. Metropolitan Lofts: 80 apartment lofts 8. Chester Williams Building: 88 apartment lofts 9. Judson Lofts: 60 apartment lofts 10. Development Site: 34 story; 480 unit high-rise residential tower 11. Clark Hotel: 300 room, 4 star boutique hotel close to completion Area Parking 12. Surface Parking Lot (until property is developed) 13. Pershing Square Parking Garage: 2,000 spaces, open 24/7 14. Surface Parking Lot 15. Parking Garage: 150 spaces

3 ENTRANCE HILL STREET ENTRANCE Roof Roof 3rd Floor 3rd Floor 2nd Floor 2nd Floor Mezzanine Mezzanine ELEVATION 1st Floor HILL ST. ELEVATION 1st Floor HILL ST.

4 437 3rd Floor - 17,000± SF 2nd Floor - 17,000± SF HILL ST. Mezzanine - 4,000± SF 1st Floor - 2,111± SF LEASED LEASED office space can be combined (38,000± SF) retail space (3,500± SF)

5 The New Downtown Los Angeles As Angelenos celebrate the 16th year of the Downtown LA Renaissance, the statistics reflect a booming, 24/7, vibrant Downtown LA. The growth and redevelopment since 1999, when Staples Center opened and the Adaptive Reuse Ordinance passed, has been constant and has spurred a transformation. NEARLY TRIPLED Population Growth 18, , Residential Units 11, , Price of a One Bedroom Condo (PSF) $ $ CONTINUED GROWTH DOUBLED OPEN FOR BUSINESS Hotel Rooms 7,961 Current Inventory 2,164 Under Construction Residential Units 33,776 Current Inventory 7,408 Under Construction Property Value $4.8 billion 1999 $11.1 billion New restaurants, bars, retail, nightlife, and amenities $19.1 billion Invested ,469 Pipeline 14,058 Pipeline A VIBRANT COMMUNITY $98,700 avg. median household income of residents 75% of residents are between the ages of % of residents have a college degree or higher 500,000 employees 10 million annual visitors 14.9 million passengers travel through the 7th St./ Figueroa Metro station annually $1,163,500,000 Arts & Entertainment $2,604,700,000 Civic & Institutional $5,729,500,000 Mixed-Use $7,265,400,000 Residential $898,800,000 Commercial $1,500,000,000 Figueroa Corridor/Expo Park TOTAL Investment in Downtown L.A $19,161,900,000