The CalEdison Building at 601 W. 5th St.

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 or (323) 556-8337.

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