LOS ANGELES, Calif., November 12, 2021 – Cushman & Wakefield announced the firm has represented landlord Atlas Capital in the lease of 31,153 square feet of space in downtown Los Angeles to clothing and accessory designer, Johnny Was. The fashion retailer leased the 6th floor and 7th floor penthouse in the mixed-use building at 712 S Olive Street for its client-facing showroom and office headquarters.
The rooftop penthouse jewel box will be exclusive to Johnny Was and offers private decks and dramatic views of downtown Los Angeles.
Cushman & Wakefield’s Pete Collins, Brittany Winn, Mike Condon Jr, Scott Menkus, and McKenna Gaskill represented the landlord in the transaction. Trent Merrill and Sarah Schutter of Triple R Group represented the tenant.
“The Historic Core and Arts District are seeing multiple fashion tenants circling for creative office space due to their adjacency to industrial submarkets,” said Brittany Winn, Director. “These tenants are electing to move their headquarters operations out of warehouse facilities and into something creative, taking employee wellness (i.e. amenities, outdoor workspace, walkability, refreshed and inviting new interiors) into consideration. Overall, employers are working to create an office environment that employees will want to return to.”
Winn continued, “712 South Olive checks many boxes these tenants seek, and additionally offers brand new inspiring space. And in this case, the tenant also has exclusive access to a great rooftop amenity.”
712 S Olive St is a low-rise office and a retail building located at the corner of Seventh and Olive. The building features high ceilings, large windows, and 18,000-sf floor plates, and subterranean basement parking.
The location is in the heart of Restaurant Row in Downtown Los Angeles, and benefits from convenient access to the I-10, I-101, and I-5 freeways. The property is at the epicenter of a flurry of development activity occurring in downtown and is poised to benefit from the continued revitalization of the city center.
