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Los Angeles — Oct. 23, 2014 — Transwestern announced that it has been retained to manage 801 S. Figueroa St., a 24-story Class A office building in downtown Los Angeles. The building, which totals 458,149 square feet, was recently purchased by Cornerstone Real Estate Advisers LLC, on behalf of a Cornerstone managed fund.
“We are honored to have been selected to manage this iconic building,” said Dave Rock, managing senior vice president at Transwestern. “The building is known for its unique pink granite and glass exterior and its outdoor plaza. We look forward to further elevating 801 S. Figueroa St.’s standard of excellence through best-in-class management services.”
Annie Hessen, senior property manager at Transwestern, will lead the on-site property management team. Located in the prestigious South Park area of downtown Los Angeles, the award-winning property is surrounded by a variety of restaurants and retail properties with convenient access to the Gold, Blue, and Red line Metro stations.
801 S. Figueroa St. is currently 87 percent leased due in part to its exceptional column-free design and efficient interior layouts. The layouts feature 12 corner offices per floor, 9-foot ceilings, and floor-to-ceiling windows.
The Class A building also offers state-of-the-art technology, advanced video surveillance, and on-site conveniences such as the popular Corner Bakery Café, Soleto Trattoria, and Pizza Bar, part of the Innovative Dining Group, which are all on the ground floor.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research, and sustainability.
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers.