PASADENA, California – Savills oversaw the headquarters relocation for Shuster Advisory Group. The investment advisory group will move this fall to a 9,000-square foot office at the NOLA 155 building located at 155 North Lake Avenue in Pasadena. Shuster was advised in lease negotiations by Savills Executive Managing Director Andrew Lustgarten and Vice Chairman Mike Catalano.
“Shuster Advisory Group was seeking a new location for its headquarters that offered a more open work environment with natural light and areas for collaboration,” said Lustgarten. “After completing a market analysis, we centered on an opportunity at the NOLA 155 building that will provide Shuster with a modern layout with a mix of communal areas and private offices. We were able to leverage current market conditions to confirm a build-to-suit that will allow Shuster to save on capital by minimizing construction costs.”
“There is a sufficient amount of office space available in Pasadena, but limited opportunity in a Class A building that offers both efficient floorplates and natural light,” added Catalano. “NOLA 155 provides Shuster a rare opportunity to be located on a high floor of a superior building that delivers great views and abundant light and air.”
“Our new location in Pasadena will allow us to collaborate more effectively across our organization,” said founder Mark Shuster. “The NOLA 155 building fit our requirement for our new headquarters as offered a move-in ready space that will be customized to our specifications.”
Shuster Advisory Group, LLC is a leading provider of trusted investment guidance, backed by extensive research and analysis. Shuster manages a diverse portfolio exceeding $7 billion in assets. The firm’s expertise extends across a diverse clientele, including over 90 governmental entities, private and publicly held companies, universities, banks, high-net-worth individuals and families, and financial services institutions.
The 11-story NOLA 155 is in the Lake Venue business district of Pasadena. The property features a spacious outdoor plaza with patio seating and is a short distance to The Paseo entertainment complex, the 210, 110 and 134 freeways, and two national and one international airport. The building, owned by Swift Real Estate Partners, was represented by Doug Marlow of CBRE.
About Savills Inc.
Savills is one of the largest integrated commercial real estate advisory firms in the world. With over 600 offices globally, we bring together people, services, and technology to help organizations and investors power people and drive growth. For 160 years, we have connected clients with the local market expertise they need. Savills is commercial real estate unlocked.
