SoCalGas to exit Gas Company Tower in LA for new digs on Bunker Hill
Briefly

from therealdeal.com4 months ago
Southern California Gas has signed a significant long-term lease for nearly 200,000 square feet at 2Cal in Downtown Los Angeles, marking the largest office lease this year.
therealdeal.comhttps://therealdeal.com/la/2024/09/12/socalgas-to-exit-gas-company-tower-in-la-for-new-digs-on-bunker-hill/
The gas company is relocating from its current 750-foot-tall Gas Company Tower, which they have occupied since 1992, to a smaller office space as part of ongoing adjustments.
therealdeal.comhttps://therealdeal.com/la/2024/09/12/socalgas-to-exit-gas-company-tower-in-la-for-new-digs-on-bunker-hill/
The new space at 2Cal will be about two-thirds the size of SoCalGas’s existing office and aims to include a ground-floor area for customer service after renovations.
therealdeal.comhttps://therealdeal.com/la/2024/09/12/socalgas-to-exit-gas-company-tower-in-la-for-new-digs-on-bunker-hill/
The deal follows the county's agreement to purchase the Gas Company Tower for $215 million, highlighting financial challenges faced due to high-interest rates impacting commercial real estate.
therealdeal.comhttps://therealdeal.com/la/2024/09/12/socalgas-to-exit-gas-company-tower-in-la-for-new-digs-on-bunker-hill/
Read at therealdeal.com
#real-estate #downtown-los-angeles #commercial-lease #business-relocation #socalgas
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