July 26, 2022 9:00 AM
Newmark announces it has completed a lease renewal totaling 10,822 square feet for real estate investment firm Broadshore Capital Partners at Landmark I, a 24-story, 358,478-square-foot, Class A office building.
Newmark Senior Managing Director Steven Salas, Managing Director AJ Dorn and Brokerage Services Specialist Kelly Reinker represented the tenant in the transaction.
“With an upcoming lease expiration, we undertook a market analysis to evaluate options in the market in consultation with our client,” said Dorn. “The Landmark I building is set to undergo a major capital improvement program which will include a new lobby and tenant amenity area.”
Dorn added, “With costs of construction at all-time highs, a lease extension at 11755 Wilshire was the ideal option for Broadshore Capital. We were able to put together a great economic deal that offers our client optimal flexibility in the years ahead.”
Located at 11755 Wilshire Boulevard, Landmark I is a LEED-Gold-certified building with a wide variety of amenities including electric vehicle chargers, Amazon locker service, an on-site salon, restaurants and banking.
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Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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