Rendering of CommonGrounds downtown coworking space

Rendering of CommonGrounds downtown coworking space

San Diego-based CommonGrounds Workplace has signed a 13-year lease for nearly 46,000 square feet in downtown.

CommonGrounds leased the seventh floor and part of the eighth floor of 915 Wilshire Blvd., in the financial district. It is scheduled to open in early 2020, the coworking company announced April 24.

CommonGrounds has five locations in the U.S. that are open for business, including one in Long Beach. Two more locations will open in L.A. this year in LaBrea and Burbank.

Lincoln Property Co. owns the downtown building where CommonGround signed its latest lease and represented itself in the transaction. SREA Advisory’s Jim Suber and Newmark Knight Frank’s Gibran Begum represented CommonGrounds.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

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