{"id":1004164787,"date":"2017-01-23T08:37:13","date_gmt":"2017-01-23T16:37:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164787"},"modified":"2022-12-08T09:56:41","modified_gmt":"2022-12-08T17:56:41","slug":"brickstar-acquires-60-ksf-office-asset-in-la","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brickstar-acquires-60-ksf-office-asset-in-la\/","title":{"rendered":"Brickstar Acquires 60 KSF Office Asset in LA"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004164789\" style=\"width: 329px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/120-S-San-Pedro.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004164789\" data-attachment-id=\"1004164789\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brickstar-acquires-60-ksf-office-asset-in-la\/120-s-san-pedro\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/120-S-San-Pedro.png\" data-orig-size=\"720,503\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"120 S. San Pedro\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;120 S. San Pedro&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/120-S-San-Pedro.png?w=720\" loading=\"lazy\" class=\"wp-image-1004164789 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/120-S-San-Pedro.png\" alt=\"120 S. San Pedro\" width=\"319\" height=\"223\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/120-S-San-Pedro.png 720w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/120-S-San-Pedro.png?resize=300,210 300w\" sizes=\"auto, (max-width: 319px) 100vw, 319px\" \/><\/a><p id=\"caption-attachment-1004164789\" class=\"wp-caption-text\">120 S. San Pedro<\/p><\/div>\n<p><strong>Los Angeles<\/strong>\u2014An affiliate of Brickstar Capital LLC has announced the acquisition of 120 S. San Pedro St., a 60,000-square-foot, mixed-use building in downtown Los Angeles&#8217; Little Tokyo neighborhood. MUFG Union Bank N.A. owned the six-story building since its construction in 1984, but will continue to operate its retail banking branch from its present location.<\/p>\n<p>&#8220;Little Tokyo&#8217;s rich cultural history, pedestrian-friendly environment and location between Civic Center and Arts District is further cementing Little Tokyo as one of downtown LA&#8217;s most popular neighborhoods to live, work and play,&#8221; said David Mirharooni, principal of Brickstar, in prepared remarks. &#8220;We are proud to increase our footprint in Little Tokyo, the future home of the regional connector and further add to the cultural fabric of this community.&#8221;<\/p>\n<p>CBRE represented Union Bank during the transaction and team members Joel Frank, Taylor Watson and Alex Bergeson have been retained to manage the lease up. Attorney Sarah Kikla Rosen of Procopio, Cory, Hargreaves &amp;\u00a0Savitch LLP, acted as legal counsel for Union Bank and Brickstar was represented by Andrew Kirsh, of Sklar Kirsh LLP.<\/p>\n<p>Brickstar will now control the entire S. San Pedro block between 1st and 2nd Streets, including the adjacent office building at 312 E. 1st St.,\u00a0through its affiliates.\u00a0The company\u00a0recently completed a major capital improvement program to reposition the 312 First building as creative space. This building features high-speed, fiber-optic-ready collaborative office space, a new tenant lounge and conference room.<\/p>\n<p><em>Image courtesy of Sklar Kirsh\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brickstar will now control an entire S. San Pedro block, including the office building at 312 E. 1st St.<\/p>\n","protected":false},"author":746,"featured_media":1004164789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21752,21742,15],"tags":[32789],"class_list":["post-1004164787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-mixed-use","category-latest","category-west","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Brickstar Acquires 60 KSF Office Asset in LA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brickstar-acquires-60-ksf-office-asset-in-la\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brickstar Acquires 60 KSF Office Asset in LA\" \/>\n<meta property=\"og:description\" content=\"Brickstar will now control an entire S. 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