Viewing entries tagged
Chris Maese

$12M Tenant Rep Leased Q3 2017

$12M Tenant Rep Leased Q3 2017

$12M TENANT REP LEASED Q3 2017

Zacuto Group successfully completed over $12M in Tenant Representation Lease Transactions in Q3 2017.

Key transactions this quarter included:

  • 16,000 SF for one of the most prominent startups in the country on the heels of their IPO.

  • 11,000 SF Beverly Hills renewal and expansion negotiation for a publicly traded Fortune 100 company.

  • 7,600 SF of DTLA Class A Creative Space with jaw dropping views for a VC funded tech startup.

  • 3,000 SF High-Street Retail on Melrose Avenue.

  • 3,000 Sublease disposition for national client in Dallas, Texas.

Selected Properties Leased: 

  • 8530 Wilshire Blvd., Beverly Hills, CA

  • 14930 Ventura Blvd., Sherman Oaks, CA

  • 4900 Airport Plaza Dr, Long Beach, CA

  • 9430 Washington Blvd., Culver City, CA

  • 1017 N La Cienega Blvd., West Hollywood, CA

  • 13286 Fiji Way, Marina Del Rey, CA

  • 5400 Lyndon B Johnson Fwy., Dallas, TX

  • 8020 Melrose Ave., Los Angeles, CA

  • 7200 Melrose Ave., Los Angeles, CA

  • 11980 San Vicente Blvd., Los Angeles, CA

  • 6430 Sunset Blvd., Los Angeles, CA

  • 2036 Armacost Ave., Los Angeles, CA

  • 633 W 5th Street, Los Angeles, CA (U.S. Bank Tower)

  • 7930 W 3rd Street, Los Angeles, CA

 

SOLD $11.7M - Prime Culver City Adj. Creative Office Development

SOLD $11.7M - Prime Culver City Adj. Creative Office Development

PRIME CULVER CITY ADJACENT CREATIVE OFFICE DEVELOPMENT TRADES FOR $11.7M

 
 

3309 La Cienega Place, a 17,490-square-foot warehouse property located adjacent Lincoln Property’s Blackwelder complex and nearby the Metro Expo Line has traded hands for $11.7M.  The buyer, Bow West Capital plans to convert the property into a creative office compound of more than 25,000 SF.  Andrew Sinasohn and Jake Zacuto of Century City-based Zacuto Group brokered the all-cash deal and are consulting on the project’s development. 

“3309 La Cienega Place provides a unique value-add opportunity for Bow West, because of its excellent location and the ability to add square footage.  Despite being in competition with several prospective buyers, we worked with our client to structure a deal which the owners could not refuse – this was done through the implementation of an expedited due diligence process and an accommodating schedule to relocate the current owners elsewhere, among other things.”  
-Andrew Sinasohn, V.P. and Director Of Business Development.

Currently dubbed ‘LCP’, Developer Bow West Capital is capitalizing on the area’s appeal to tech & media companies looking for central transit friendly locations and unique adaptive re-use creative spaces.  LCP will feature multiple level units ranging from 3,000-7,000 square feet with designer kitchens, glass roll up doors, 20+ foot ceilings move-in ready with designer finishes. 

“LCP is going to be one of the highest quality projects in the area with incredibly well thought out use of space and elements designed to maximize natural light.  In a market where every value-add purchaser is trying to do the same thing, this project will stand out with the unique livability of the designs, flexibility in size, quality of finishes, and indoor/outdoor open-air features.” 
-Jake Zacuto, Managing Director

Zacuto & Sinasohn have been retained by Bow West to lease the project.  In addition to completing the sale, Sinasohn & Zacuto
(along with Zacuto Group V.P. Chris Maese) represented the Seller, Bob Gail Enterprises on an 11,660 SF relocation to Inglewood, CA.

$14.4M Tenant Rep Leased Q2 2017

$14.4M TENANT REP LEASED Q2 2017

 Zacuto Group successfully completed over $14.4M in Tenant Representation Lease Transactions in Q2 2017.

Key transactions this quarter included:

  • Gorgeous new Creative Office HQ for a prominent international brand
  • Distribution Center for one of the fastest growing L.A. based online retailers / tech startups
  • Manufacturing facility for a state-of-the-art 3D printing/manufacturing technology company
  • New Surgery Center and Offices for one of Beverly Hill's hottest plastic surgeons 

Team members Jake Zacuto, Leor Binshtock, Andrew Sinasohn, Chris Maese, Jackie Lubrano, and Samira Nahid were invovled in the completed transactions.

Selected Properties Leased: 

  • 4223 Glencoe Ave, Marina Del Rey, CA (Creative Office)
  • 522 Venice Blvd., Venice, CA  (Creative Office)
  • 7265 Oxford Way, Commerce, CA  (Warehouse)
  • 14000 Van Ness Ave., Gardena, CA  (Warehouse)
  • 1031 W Manchester Blvd., Inglewood, CA (Warehouse)
  • 20300 S Vermont Ave., Torrance, CA  (Call Center)
  • 3460 Torrance Blvd., Torrance, CA  (Office)
  • 335 N Maple Ave., Beverly Hills, CA (Office)
  • 9701 Wilshire Blvd., Beverly Hills, CA  (Medical)
  • 822 S Robertson Blvd., Beverly Hills, CA  (Medical)
  • 4526 Wilshire Blvd., Los Angeles, CA  (Creative Office)
  • 3740 Overland Ave., Los Angeles, CA  (Creative Office)
  • 6464 Sunset Blvd., Hollywood, CA  (Office)
  • 1017 N La Cienega Blvd., West Hollywood, CA (Office)

 

SOLD - Wells Fargo Bank - 296 W. Highland Ave

SOLD - Wells Fargo Bank - 296 W. Highland Ave

Zacuto Group is pleased to present the fee simple sale of an investment grade Single Tenant NNN Wells Fargo Bank in San Bernardino, CA. The subject property is located at a High Traffic Intersection with approx. 28,479 Vehicles Per Day on a Large 40,500 SF Corner Lot. Features excellent Signage, Frontage, Access, and tremendous visibility on both Highland and Arrowhead.

Wells Fargo recently renewed their lease for 5 more years and property has been continuously operated as a bank since 1961. The location is of strategic importance as one of Wells Fargo's major competitors, JP Morgan Chase, is located across the street.

SALE PRICE    $3,785,000
CAP RATE        4.85%
NOI                   $183,572 Absolute NNN Lease
LEASE TERM   Approx. 5.5 Years (through 12/31/2022)

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

Chris Maese
chris@zacutogroup.com
310.469.9020

$15.4M Tenant Rep Leased Q4

Jake Zacuto, Leor Binshtock, Andrew Sinasohn, Hunter Morris, and Chris Maese closed $15.4M in Tenant Representation Lease Transactions in Q4 2016. 

Brokers of record are Zacuto Group and Stone-Miller. 

Summary of Properties Leased: 

  • 2010 Wilshire Blvd., Los Angeles, CA
  • 6725 W. Sunset Blvd., Los Angeles, CA
  • 3550 Hayden Avenue, Culver City, CA
  • 8635 W 3rd St., Los Angeles, CA
  • 2460 India Hook Rd., Rock Hill, SC
  • 1900 Avenue of the Stars, Los Angeles, CA
  • 12100 Wilshire Blvd., Los Angeles, CA
  • 11620 Wilshire Blvd., Los Angeles, CA
  • 9100 Wilshire Blvd., Beverly Hills, CA
  • 5455 Wilshire Blvd., Los Angeles, CA