Scope

168,000 total NRA square feet, 11 floors, Class "A" office, plus underground parking.

Challenge / Description

Property Description

• The 626 Wilshire Boulevard building was constructed in 1967 by C.L. Peck Contractors. C.L. Peck was one of the L.A.’s major construction contractors in the 1960s and 1970s. The bronze plates they cemented in the sidewalk of the building declare their excellent craftsmanship.
• 626 Wilshire Boulevard building was built as a Class “A” structure for the headquarters of its owner, State Mutual Savings & Loan.

• The location offers a Wilshire Boulevard address in the core of the financial district.
• Tenants enjoy excellent views of the historical Los Angeles Central Library and surrounding urban landscape.
• Surrounding properties include: a premier communications hub of the Pacific Rim, the Standard Hotel, the 350-unit Pegasus Apartments, and 550 S. Hope. Along with other loft conversion projects and brand-new condo development, Downtown L.A. has become a cool place attracting people to work and live downtown. According to recent press, there are over 8,000 units of new loft and apartment projects under way in Downtown L.A., many within a short walk from 626 Wilshire.
• Click here to view an area map »

Solution

As one of the most experienced development and management firms in California, Barker Pacific Group restored the building status as a Class “A” property and has attracted tenants who have brought life back into this office tower. Barker Pacific Group increased the occupancy to 98% from 32% in just over a year after Barker Pacific Group’s acquisition in late 2003.

Architectural Design
Johnson Fain Architecture

Acquired

October 2003

Completed

Base building renovated 2003–2004. Originally built in 1967.

Partners

Barker Pacific Group, Golden Boy Enterprises, and The Rising Real Estate Group

Leasing

Leasing Summary
Leasing Rate/Square Footage/Month
Available Square Feet: Variety of suites available
Call for details.

Property Management & Leasing
Irick Peterson
Tel: (213) 624-1811
IPeterson@barkerpacific.com