CITY NATIONAL 2CAL
350 S. Grand Ave., Los Angeles
Square Footage: 200,000
Clay Hammerstein and Danny Rees of CBRE successfully assisted their client, the Southern California Gas Company (SoCalGas), in securing a long-term lease for nearly 200,000 square feet to accommo-date their headquarters relocation. Leveraging their extensive network and market knowledge, Hammerstein and Rees collaborated with CIM Group, the owner and operator of City National 2CAL, to identify and secure a space that was not immediately apparent in the market. They completed the lease for a signiÿcant portion of the square footage off-market.
The CBRE team faced the unique and complex challenge of finding a suitable space that could accommodate SoCalGas’s extensive ofÿce needs in a market with many distressed properties unable to transact. Their innovative approach enabled them to place their client in a desirable part of Downtown Los Angeles, meeting their client’s square footage requirements and performance standards.
