Portland, Ore.-based co-work space company, Centrl Office, has signed a 10-year lease for 29,000 square feet at Little Tokyo’s Brunswig Square at 356-374 E. 2nd St., its first such location outside its home state.
Centrl Office will move into the seventh and eighth floors of the building in roughly six months’ time, according to Nico Vilgiate, an executive vice president at Colliers International, who along with Dallas-based senior associate Ryan Hoopes was Centrl’s broker in the lease negotiations.
The dollar amount was not disclosed.
Chris Penrose of CBRE Group Inc. represented the landlord, Jamestown LP, an Atlanta-based real estate and private equity firm.
Brunswig Square is located near the Los Angeles County Metropolitan Transportation Authority Gold Line as well as the Regional Connector that will tie the Gold, Blue and Expo lines via a 1.9-mile underground rail tunnel in downtown Los Angeles.
The eight-story, 140,000-square-foot property dates from the 1930s and was renovated in 1986, according to CoStar Group Inc.
Centrl Office “kicked a lot of tires” in the area before settling on this location, Vilgiate said.
“We felt this location was the best of all of them,” he said. “This location is very walkable with a lot of amenities.”
Real estate reporter Ciaran McEvoy can be reached at firstname.lastname@example.org or (323) 556-8337.