{"id":1004320178,"date":"2019-04-26T06:19:21","date_gmt":"2019-04-26T14:19:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004320178"},"modified":"2019-04-26T07:50:25","modified_gmt":"2019-04-26T15:50:25","slug":"commongrounds-inks-46-ksf-lease-in-la","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commongrounds-inks-46-ksf-lease-in-la\/","title":{"rendered":"CommonGrounds Inks 46 KSF Lease in LA"},"content":{"rendered":"<div id=\"attachment_1004320184\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004320184\" data-attachment-id=\"1004320184\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commongrounds-inks-46-ksf-lease-in-la\/commongrounds\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg\" data-orig-size=\"923,693\" data-comments-opened=\"0\" 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=\"commongrounds\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image courtesy of CommonGrounds&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg?w=923\" class=\"wp-image-1004320184 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg 923w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/commongrounds-e1556287404800.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004320184\" class=\"wp-caption-text\">Rendering of a CommonGrounds Workplace space.<em> Image courtesy of CommonGrounds<\/em><\/p><\/div>\n<p>CommonGrounds Workplace has signed a 13-year lease to take 45,978 square feet at <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-teams-up-with-rockwood-to-take-back-915-wilshire\/\">915 Wilshire Boulevard<\/a>, a 22-story, 390,312-square-foot building in Los Angeles.<\/p>\n<p>The company will take the entire seventh floor and part of the eighth floor of the recently renovated building. The deal marks the second CommonGrounds Workplace lease signed this year as part of its&nbsp;$100 million&nbsp;Series A funding expansion program. In early April the firm announced a long-term lease in Atlanta, after it opened a new location in Salt Lake City&nbsp;in March.<\/p>\n<p>CommonGrounds will manage the amenity deck for the building owner, Lincoln Property Co., and all of its tenants through CG+, its proprietary app. This includes general use of the communal spaces, conference rooms&nbsp;and educational and special event programming.&nbsp;&nbsp;<\/p>\n<p><em>\u201c915 Wilshire Boulevard has plenty of appeal as CommonGround\u2019s first location in downtown Los Angeles,\u201d <\/em>Jacob Bates, CEO of CommonGrounds Workplace, told<em> Commercial Property Executive. \u201cThe building just went through a significant renovation, including the indoor\/outdoor amenity deck, adjacent to the CommonGrounds Workplace on the 7th floor.\u201d<\/em><\/p>\n<p>The building\u2019s tenant roster also includes Centers, Framework Studios, California Commercial Bank, AECOM, and U.S. Army Corp of Engineers.<\/p>\n<h2><strong>Expanding in LA<\/strong><\/h2>\n<p>Located in the heart of&nbsp;Los Angeles\u2019&nbsp;financial district, the property offers convenient access to the 110 Freeway and is nearby the 7th&nbsp;Street \/ Metro Center Station.<\/p>\n<p><em>\u201cIn Los Angeles, the nation\u2019s second largest city, this is the district that new economy companies want to be in,\u201d <\/em>said Bates. <em>\u201cThe proximity to the freeway, public transportation and the nearby amenities make it a highly desirable building for businesses of all sizes to grow their success by attracting and retaining talent.\u201d&nbsp;<\/em><\/p>\n<p>CommonGrounds Workplace is planning a multi-million dollar renovation of its new LA space and is projected to open in the first quarter of 2020.<\/p>\n<p>Newmark Knight Frank\u2019s Gibran Begum, along with Jim Suber&nbsp;with SREA Advisory, represented CommonGrounds in the transaction, while Lincoln Property Co.\u2019s Kent Handleman&nbsp;and&nbsp;Douglas Brown represented the owner in the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The coworking firm has signed a 13-year lease at Lincoln Property Co.&#8217;s 915 Wilshire Blvd., in the downtown L.A. financial district.<\/p>\n","protected":false},"author":451,"featured_media":1004320184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1594,21742,21747,15],"tags":[45395,32838],"class_list":["post-1004320178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-los-angeles","category-latest","category-office","category-west","tag-commongrounds","tag-lincoln-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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