CalEdison Inks New Tenants TubeScience, Systems Source and H&M Innovation Lab

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CalEdison Inks New Tenants  TubeScience, Systems Source and H&M Innovation Lab
The CalEdison Building at 601 W. 5th St.

The CalEdison Building at 601 W. 5th St. in downtown Los Angeles recently signed three new tenants: Digital advertising company TubeScience; furniture dealership Systems Source; and market researcher H&M Innovation Labs, according to a statement by building owner Rising Realty Partners.

TubeScience, which is relocating to downtown from Santa Monica, signed a full-floor lease of approximately 20,000 square feet. Irvine-based Systems Source is leasing around 12,000 of office and showroom space. H&M Innovation Labs, which does market research for the Swedish retailer, signed a lease for about 4,500 square feet of design office

Sources said the building commands some of the highest rates in downtown at more than $4 a square foot.

Carle Pierose and Rob Erickson of Industry Partners represented the landlord in each of the lease deals. Zacuto group’s Andrew Sinasohn represented H&M.

The CalEdison, formerly known as One Bunker Hill, is a 14-story, 277,000-square-foot Art Deco landmark built in 1930 and renovated in 1993. Rising Realty Partners owns the building in a joint venture with Houston-based real estate investment firm Lionstone Investments. The CalEdison was renovated again following its most recent acquisition in 2015.

Real estate reporter Ciaran McEvoy can be reached at [email protected] or (323) 556-8337.

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