A Fresh Take on CRE

LA Weekly Comp Digest: Ascenda USA Signs New Lease, Emirates Renews, and More!

Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
   
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Ascenda USA Signs New Lease in Glendale

Global trade and sourcing services company, Ascenda, recently signed a new lease for 4,200 SQFT of class A, full-service office space at 400 North Brand Boulevard.  The company agreed to pay rent starting just under $2.30 PSF with 3% escalations in exchange for a 3-year lease with 3 months of free rent, and about $15.00 PSF in TIs.
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Dubai-Based Airline Renews in El Segundo

Emirates executed a renewal last month for its 4,300 SQFT, class A office space in the Pacific Corporate Towers at 222 North Sepulveda Boulevard.  The company agreed to rent starting near $2.30 PSF with 3% escalations for the 5-year lease, and will enjoy 6 months of free rent to sweeten the deal.
   
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Willow Chiropractic Signs New Lease in Long Beach

Willow Medical Group recently signed a new lease for just over 1,300 SQFT of medical office space in the Daisy Office Center at 539 West Willow Street.  The company agreed to pay rent starting in the low-$1.00s PSF with 3% escalations in exchange for a 3-year lease term with 1 month of free rent and 3 options to renew.