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Wilshire Grand Center Signs Lease with Pacific Western Bank

Joshua Deale • 3/7/2022

LOS ANGELES, Calif., March 7, 2022 – Cushman & Wakefield announced that Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp, has signed a long-term lease at the Wilshire Grand Center in Downtown Los Angeles, California. The commercial banking company leased 8,010 square feet of office space on the 26th floor of the office tower, along with 3,500 square feet of prominent retail Wilshire-Grand-Center-new space within the development for its bank branch.

Located at Wilshire Blvd and Figueroa St and anchored by the 900-room Intercontinental Hotel, the Wilshire Grand Center has attracted many global firms to its prime location in the heart of DTLA. The Pacific Western Bank lease leaves only two floors still available for lease in the tower.

Cushman & Wakefield’s Chairman of Global Transactions, John C. Cushman, III, Executive Director, Steve Marcussen, and Director, Dillon Moscone represented the owner Hanjin International Corporation in the transaction. Kennedy Wilson represented the tenant in-house.

Wilshire Grand Center at 900 Wilshire is a prestigious and renowned address internationally. The building was designed by A.C. Martin & Associates as a mixed-use, amenity rich, workplace for employees and stands as an architectural icon on the Los Angeles skyline. The 2.1-million-square-foot development features the 900-room InterContinental Hotel and the largest meeting room and ballroom complex in Los Angeles. Reaching to 1,100 feet, the Wilshire Grand Center is the tallest building in the Western US.

Cushman & Wakefield provides Property Management services for Wilshire Grand Center and will provide project management services to the tenant to develop and construct the tenant improvements.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

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