Architecture and urban planning studio Jerde Partnership is moving its headquarters from Venice Beach to the CalEdison building downtown, according to real estate investment firm Rising Realty Partners.
Jerde signed a full-floor lease at the 1931 art deco office building at 601 W. Fifth St., downtown-based Rising Realty said, which acquired the property in 2015 in a joint partnership with Houston-based Lionstone Investments. The building is the former headquarters of Southern California Edison Co.
The downtown office will serve as the new global headquarters for Jerde, which has been in Venice Beach for nearly 30 years. The new headquarters is anticipated to open in the first quarter of 2018, Rising Realty said.
Terms of the lease weren’t disclosed.
Carle Pierose and Rob Erickson of downtown-based brokerage Industry Partners represented the landlord. Jennifer Frisk and David Kluth of New York-based Newmark Knight Frank represented Jerde.
The CalEdison, a 14-story, 277,000-square-foot office building on the corner of Fifth Street and Grand Avenue, recently underwent a series of renovations transforming the near 90-year-old building into a creative office property, according to Rising Realty.