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Western Asset Renews 185K-SF Lease with Irvine Company
Representing Q4’s largest lease signed in greater Los Angeles, Western Asset Management Company has renewed a 184,500-square-foot lease at the building that carries its name. Newport Beach-based Irvine Company acquired the Western Asset Plaza in 2012, a five-story Class A facility in downtown Pasadena, CA that is now 90% leased.
“Western Asset Plaza has served as our corporate headquarters for nearly 20 years, and we are thrilled to be extending this long standing relationship with Irvine Company,” said Western Asset COO Drew Bowden. “We have been a proud supporter of Pasadena for 35 years and maintaining our connection with the city was an important objective for our firm.”
Since Irvine Company acquired the building in 2012, the company has modernized its lobby, enhanced outdoor workspaces and refreshed the facade. “Companies are drawn to Irvine Company for our premium workspaces that foster collaboration and provide flexibility and customization,” said the firm’s Beau Rawi.
- ◦Lease
