LOS ANGELES – Sklar Kirsh LLP, a corporate and real estate transactional law firm, has signed a long-term lease with Held Properties for approximately 10,000 square feet at 1880 Century Park East in Century City, in a transaction valued at more than $4 million.
Since its founding in February 2013 by veteran attorneys Jeffrey A. Sklar and Andrew T. Kirsh, Sklar Kirsh LLP has grown to 11 attorneys and boasts a client base of institutional companies, family offices, growing businesses and high-net worth individuals.
“The move was necessary to accommodate both our current and future growth, as we continue to assemble a first-class team of attorneys to meet the increasing demand for our services,” said co-founding partner Sklar. “It is likely that we will have 15 attorneys by the middle of 2014.”
The law firm is relocating from 1875 Century Park East.
“This was a very smooth lease transaction,” added Kirsh, co-founding partner and chair of the firm’s real estate department who negotiated the lease for the law firm. “I’ve handled many lease transactions for clients, and I was impressed with the in-house leasing team and their cooperation throughout the leasing process. They did everything they could to address our needs. It is not surprising that their tenants are very satisfied in their buildings.”
Under the terms of the lease, Sklar Kirsh LLP will occupy more than half of the third floor of the 15-story, 311,000 square-foot Class A office building. 1880 Century Park East has been owned by Held Properties since the Los Angeles-based real estateand investment firm developed the building in 1970. The building, which is now 97 percent leased, is part of Held’s current portfolio comprising approximately 800,000 square feet of Westside commercial office space.
“Sklar Kirsh is the type of tenant any landlord would want,” said Held Properties President and CEO Robert Held. “This is a fine law firm which has already developed an excellent reputation in the marketplace.”
Robert Chavez of Guardian Commercial Realty represented Sklar Kirsh in the transaction. Joel Delman of Held Properties represented the landlord.
About Sklar Kirsh LLP
Sklar Kirsh LLP (http://www.sklarkirsh.com) is a corporate and real estate transactional law firm founded by attorneys from nationally and internationally recognized law firms who provide top tier legal services in an entrepreneurial, sophisticated and focused manner. The firm counsels institutional companies, family offices, growing businesses and high-net worth individuals with legal and business issues that arise at all stages of the business and real estate life cycle, including business planning, mergers and acquisitions, purchase and sale agreements, fund formation, equity and debt financing, development, leasing, corporate governance, tax, executive compensation and employment arrangements, licensing and joint ventures, intellectual property and dispute resolution.
About Held Properties
Founded in 1946, the Held name has been associated with the development, ownership and operation of distinctive commercial and medical office buildings. The hallmarks of Held Properties’ developments are prime locations, enduring designs and unparalleled tenant services. These qualities are the outgrowth of the Held development philosophy: creating long-term investments that stand the test of time and respond to the changing needs of the marketplace. Held Properties is actively seeking additional property acquisitions in Southernand Arizona.