Los Angeles, CA — Newmark announces it has completed a 12,495-square foot office lease for regulatory compliance software company Trusaic, at Biltmore Court in Downtown Los Angeles, California. Newmark Executive Managing Director Greg Frankovich and Managing Director AJ Dorn represented the tenant in the transaction.
“Our client had been located in Koreatown for 20-plus years and was open to relocating. Like many companies, the pandemic provided an opportunity to reimagine Trusaic’s workspace and what the team wanted the future of their corporate headquarters to look like,” said Dorn. “After surveying several submarkets and touring many projects in the area, we were pleased to land on this highly improved 2nd generation creative space that would require minimal renovations. This historic building is perfectly fit to support our client’s growth needs and allow them to attract the industry’s best and brightest talent.”
Located at 520 South Grand Avenue in Los Angeles, Biltmore Court is a 12-story, 220,522-square-foot office building featuring modern technology and classic 1920s style with views overlooking the Los Angeles skyline and the landscaped open-air interior courtyard. The property is adjacent to the Millennium Biltmore Hotel, providing tenants with access to hotel amenities including restaurants, bars, meeting and conference rooms, a health club and concierge services.
Biltmore Court is situated on the southeast corner of 5th Street and Grand Avenue in the center of the Downtown Financial District. Tenants enjoy easy access to the Harbor, Hollywood and Santa Monica Freeways as well as a short two-block walk to the recently constructed Metrolink and Metro Rail system.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.2 billion for the twelve months ending June 30, 2022.
