Four New Leases Totaling 8,000 SQFT Signed at Los Angeles Mixed-Use Development

Los Angeles, Kennedy Wilson Brokerage, One Santa Fe, Berkshire Residential Investments, Kombu Sushi, Milly Rock, Smartbeard, LAgree213, Arts District

Los Angeles, Calif. (December 23, 2021) – Kennedy Wilson Brokerage, a division of Kennedy-Wilson Properties, Ltd., announced today four new tenants at One Santa Fe, Berkshire Residential Investments’ Downtown Los Angeles mixed-use destination with 438 apartments and 81,000 square feet of ground floor commercial space. Men’s grooming brand Smartbeard opened in early 2021, and Japanese restaurant Kombu Sushi, marketing agency Milly Rock and fitness brand LAgree213 are joining the collection of retail tenants by the end of December 2021. Kennedy Wilson Brokerage’s Justin Weiss and Lee Shapiro represented Berkshire in the long-term lease transactions, which total approximately 8,000 square feet. Built in 2015 as one of the first ground-up mixed-use developments in the Arts District, One Santa Fe is located at 300 South Santa Fe Ave.

“The Kennedy Wilson Brokerage team has been instrumental in executing our vision for One Santa Fe’s ground floor retail,” said Brendon Sullivan, Senior Vice President, Portfolio Management of Berkshire. “In addition to bringing exciting new tenants to the project, Justin and Lee have provided valuable advisory services that helped us keep strong tenants through the pandemic.” 

SmartBeard, a growing online brand specializing in beard grooming products, opened its first brick-and-mortar location at One Santa Fe earlier this year. This will be the second location for Kombu Sushi, a popular Japanese restaurant in Silver Lake, and global marketing and social media company Milly Rock will expand its Los Angeles presence in a 3,000 square-foot office space. Additionally, One Santa Fe is the second downtown location for Los Angeles-based Lagree Fitness.

“One Santa Fe kicked off the Arts District boom,” said Justin Weiss, Senior Vice President at Kennedy Wilson Brokerage. “It was the proof of concept that showed investors, developers and tenants that people wanted to live, work and play in this part of DTLA. These four new tenants are evidence that One Santa Fe’s appeal is still strong.”

The widely recognized project, designed by Michael Maltzan, reflects L.A.’s love for art and creation, drawing inspiration from the surrounding Arts District in its open spaces, commercial tenancy and on-site murals which include pieces by Sei Shimura (aka SEY x YES), WRDSMITH, Peter Greco, Alivacious and James Goldcrown. Berkshire’s 2022 property revitalization plans include paseo improvement and additional seating, Wi-Fi throughout the property including outdoor spaces, updated signage and a wayfinding, power/USB connections, improved lighting and more. 

“One Santa Fe has a vibrant and welcoming identity thanks to visionary ownership,” said Lee Shapiro, Director of Retail and Executive Vice President of Kennedy Wilson Brokerage. “Tenants want to be here, and for that reason we received multiple competitive bids on these four spaces.” 

The Kennedy Wilson Brokerage team has two more deals in motion at One Santa Fe and anticipates that the project’s commercial space will soon be fully leased.

About Kennedy Wilson Brokerage

Kennedy Wilson Brokerage, a division of Kennedy-Wilson Properties, Ltd., is a leader in the leasing and sale of commercial real estate, representing institutional and private capital investors and tenants across the United States. Our capabilities include investment sales and acquisitions, agency leasing, tenant representation, corporate services, valuation and advisory services.