UAII will move into the freestanding building in September 2020 once custom upgrades are completed
LOS ANGELES, CA - Colliers International completed the lease transaction of a 30,688-square-foot office building for United American Indian Involvement (UAII), a non-profit organization providing education, counseling and medical services to Native Americans in Los Angeles. The lease for the freestanding building at 1441-1449 W. Temple Street, Los Angeles, CA 90026., has an estimated value of $8.1 million over seven years. Nathan Pellow and Nick Nybakken of Colliers represented the tenant, UAII, in the transaction, and landlord, Core Development Group, dba Temple St Lofts LLC, was represented by Andrew Tashjian and Michael Gooch of Cushman & Wakefield.
“UAII provides essential services to the Native American community, and it was our mission to find the organization a better-suited office space to enhance and elevate their critical offerings,” said Colliers Senior Executive Vice President Nathan Pellow. “Their existing space was outdated and inefficient as they had expanded in piecemeal over many years and were unable to control their environment, so it was our goal to find them an ideal free-standing building that suited their needs and better positioned them to serve the public.”
Colliers partnered with SAA Architecture to create a new efficient space program with input from the client team, and then evaluated all available office lease options within a 10-mile radius over a period of 18 months. Colliers identified a free-standing leasing option in Echo Park that offered the organization the opportunity to create a custom build specific to their needs from raw space.
“This property will allow UAII to grow their staff count, add significant collaboration areas, control their own environment and provide for signage and exposure off of the 101 Freeway,” said Colliers Associate Nick Nybakken. “Additionally, the property contains a large surface lot with free parking and space for their events, which further helps promote their services to the community.”
The building’s interior is currently under construction, and it is anticipated they will move in on September 1, 2020. The property was built in 1968 and was recently purchased by Core Development Group, which has been acquiring office and mixed-use buildings throughout Los Angeles and is completing a build-to-suit for UAII on the long-term lease.
“UAII provides essential services to the Native American community, and it was our mission to find the organization a better-suited office space to enhance and elevate their critical offerings,” said Colliers Senior Executive Vice President Nathan Pellow. “Their existing space was outdated and inefficient as they had expanded in piecemeal over many years and were unable to control their environment, so it was our goal to find them an ideal free-standing building that suited their needs and better positioned them to serve the public.”
Colliers partnered with SAA Architecture to create a new efficient space program with input from the client team, and then evaluated all available office lease options within a 10-mile radius over a period of 18 months. Colliers identified a free-standing leasing option in Echo Park that offered the organization the opportunity to create a custom build specific to their needs from raw space.
“This property will allow UAII to grow their staff count, add significant collaboration areas, control their own environment and provide for signage and exposure off of the 101 Freeway,” said Colliers Associate Nick Nybakken. “Additionally, the property contains a large surface lot with free parking and space for their events, which further helps promote their services to the community.”
The building’s interior is currently under construction, and it is anticipated they will move in on September 1, 2020. The property was built in 1968 and was recently purchased by Core Development Group, which has been acquiring office and mixed-use buildings throughout Los Angeles and is completing a build-to-suit for UAII on the long-term lease.
