The lease is for Coretrust Capital Partners’ FourFortyFour South Flower Street.
Syska will relocate to the Bunker Hill skyscraper in July from its current office in Culver City.
“We are pleased to bring our staff of 80 professionals to this healthy office environment, which is LEED Gold certified,” Gary Brennen, Syska Hennessy co-president, said in a statement. “Our firm puts a premium on sustainability and environmental quality in our engineering and design work, and FourFortyFour reinforces our brand.”
During the Covid-19 pandemic, Coretrust added safety and cleaning features to the high-rise building, including ultraviolet germicidal irradiation, in-duct air purification lamps and upgraded air filters. Other additions included automatic doors and touchless parking garage entry and restroom fixtures.
“Attracting a prestigious global professional firm like Syska Hennessy is a strong validation of the investment and improvements we have put into FourFortyFour to make it technologically and operationally superior,” Thomas Ricci, managing principal and co-founder of Coretrust Capital Partners, said in a statement. “Further, Syska Hennessy’s commitment to a 15-year lease is a testament to the benefits the firm sees from locating in our property and being based in downtown Los Angeles.”
John Passanante, Western Region managing director for Syska Hennessy, said the property’s 12,000-square-foot conference and event center were desirable because they allowed the company to reduce its square footage while still having the space available when necessary.
He said the company would also use the property’s outdoor spaces and gatherings.
Coretrust purchased the building in 2016 and has since invested more than $25 million in upgrading the property, including cutting an outside building wall to create a large terrace.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Real Estate Investor Coretrust Capital Cleans Up During Covid
- Corcoran Group Signs Lease for Mixed-Use Site in Beverly Hills
- Avison Young Plans Move to Hybrid Office Space
- Who’s Who in Real Estate: Playing the Long Game in the Office Space
- RETAIL REBIRTH
- Hulu Expands Lease in Colorado Center
- Developers Scramble to Meet Demand for Studio Properties