{"id":1004571037,"date":"2022-03-08T10:34:01","date_gmt":"2022-03-08T18:34:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004571037"},"modified":"2022-12-08T16:36:09","modified_gmt":"2022-12-09T00:36:09","slug":"pacific-western-bank-takes-space-at-dtla-icon","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/","title":{"rendered":"LA Tower Signs Pacific Western Bank"},"content":{"rendered":"
\"\"<\/a>

Wilshire Grand Center. Image courtesy of Cushman & Wakefield<\/p><\/div>\n

Pacific Western Bank<\/strong> has signed a long-term lease at the Wilshire Grand Center in downtown Los Angeles. The company will occupy 8,010 square feet of office space on the building’s 26th floor, as well as 3,500 square feet of retail space for its bank branch.<\/p>\n

Cushman & Wakefield<\/strong>, which provides property management services at Wilshire Grand Center, represented the owner, Hanjin International Corp.<\/strong>, in the transaction.<\/p>\n

Built in 2017, the 73-story Wilshire Grand Center is the tallest tower in the Western U.S. The building offers 365,141 square feet of rentable office space, 914,859 square feet of hotel space and 45,100 square feet of retail, according to CommercialEdge data.<\/p>\n

A DTLA Landmark<\/h2>\n

Designed by A.C. Martin & Associates, Wilshire Grand Center also features the largest meeting room and ballroom complex in Los Angeles. The property provides a total of 1000 parking spaces in a 2.74 spaces per 1,000 square feet parking ratio, according to the same data provider. A rooftop helipad and terrace are also available. Other tenants at the prestigious location include Arup, Korean Air, Metrolink, SCAG and Cushman & Wakefield.<\/p>\n

Anchored by the 900-key Intercontinental Hotel, the property is located at 900 Wilshire Blvd., less than half a mile east of Interstate 110. Its downtown location provides easy access to a multitude of retail, dining and entertainment options within a 1-mile radius.<\/p>\n

Following the Pacific Western Bank lease, only two floors remain available in the tower. In November, Los Angeles\u2019 office vacancy reached 12.7 percent<\/a>, according to CommercialEdge data. The metro\u2019s vacancy rate had dropped 30 basis points since September, maintaining itself 250 points below the national average.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial services company is making a long-term commitment at the West\u2019s tallest building.<\/p>\n","protected":false},"author":3142,"featured_media":1004571038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,22251,1594,21742,21747,15],"tags":[32799,36447,41225,35383],"class_list":["post-1004571037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-in-focus","category-los-angeles","category-latest","category-office","category-west","tag-cushman-wakefield","tag-hanjin-group","tag-pacific-western-bank","tag-wilshire-grand-center"],"acf":[],"yoast_head":"\nLA Tower Signs Pacific Western Bank - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Pacific Western Bank has signed a long-term lease for 8,010 square feet of office space on the 26th floor of Wilshire Grand Center.\" \/>\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\/pacific-western-bank-takes-space-at-dtla-icon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LA Tower Signs Pacific Western Bank\" \/>\n<meta property=\"og:description\" content=\"Pacific Western Bank has signed a long-term lease for 8,010 square feet of office space on the 26th floor of Wilshire Grand Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-08T18:34:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:36:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Wilshire-Grand-Center.-Image-courtesy-of-Cushman-Wakefield-e1646737877243.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/\",\"name\":\"LA Tower Signs Pacific Western Bank - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Wilshire-Grand-Center.-Image-courtesy-of-Cushman-Wakefield-e1646737877243.jpg\",\"datePublished\":\"2022-03-08T18:34:01+00:00\",\"dateModified\":\"2022-12-09T00:36:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9ddda76c3d540297067f1385ee79340d\"},\"description\":\"Pacific Western Bank has signed a long-term lease for 8,010 square feet of office space on the 26th floor of Wilshire Grand Center.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pacific-western-bank-takes-space-at-dtla-icon\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Wilshire-Grand-Center.-Image-courtesy-of-Cushman-Wakefield-e1646737877243.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Wilshire-Grand-Center.-Image-courtesy-of-Cushman-Wakefield-e1646737877243.jpg\",\"width\":800,\"height\":600,\"caption\":\"Wilshire Grand Center. 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