Scope

60,373 square feet, 7 floors of historical office space, plus basement and surface parking.

Challenge / Description

225 Colorado (formerly know as the Citizens Bank Building (CBB)) is an historically significant building located at the corner of N. Marengo Avenue and E. Colorado Boulevard, conveniently located one block east of Old Town Pasadena, in the heart of the downtown district near the Pasadena City Hall Complex. Click here to view an area map »

225 Colorado provides first-class office space in a historically significant structure. The building was originally built in 1915 for Citizens Savings Bank. CBB occupied the building for almost 100 years.

Solution

225 Colorado was was acquired by 225 Colorado TIC in September 2004 and was renovated in 2005. Barker Pacific Group, Inc. (BPG) took over the management of the building simultaneously to the acquisition.

In late 2006 the Citizens Bank vacated over 15,000 RSF of space on the upper floor. BPG immediately began remodeling the vacant space in order to accommodate future tenants and to improve the appearance and functionality of the suites. The fourth floor was reconfigured to allow for multi-tenant lease- up including five spec suites. During 2007 occupancy was increased from 70%, which held steady through the end of 2008.

Architectural Design for Renovation
Onyx Architects, Pasadena, CA

Acquired

September 2004.

Completed

Renovated in 2005.

Partners

Barker Pacific Group, Hamilton Capital Partners Fund and private investors.

Leasing

Leasing Summary
Please call for:

• Leasing Rate/Sq. Ft./Month
• Suite Availability
• Available Sq. Ft.

Hoss MacVaugh
hoss@macvaugh.com
(626) 583-8400

Property Management

Erin Cunningham
ECunningham@BarkerPacific.com
(213) 624-1811