Caine & Weiner to move headquarters to Sherman Oaks, CA
CBRE ANNOUNCES NEARLY 17,000 SQUARE-FOOT LEASE IN SHERMAN OAKS, CA TO CAINE & WEINER
Located at 5805 Sepulveda Blvd, this building will serve as the new, national headquarters for Caine & Weiner. The tenant was looking to relocate from Woodland Hills to the San Fernando Valley. This Class A building offers modern, value-enhanced space as well as high visibility and signage along the 405 and 101 freeway interchange.
“This space fulfilled everything the tenant was looking for,” said Wade. “It incorporates the best workplace practices, technology, footprint optimization, creative design elements, and top-of-line call center operations for their national headquarters.”
The landlord, 5805 Sepulveda LLC, a local real estate investment firm, was represented by Bruce Frasco with Corporate Asset Group.
“This deal exemplifies CBRE’s immense breadth of services,” said Ratner. “Our firm’s financial consulting team assisted in this transaction, and the use of our proprietary interactive real estate marketing and leasing tool Floored greatly contributed to the success of this deal.“
Adds Greg Cohen, CEO of Caine & Weiner, “This transaction is the second significant relocation over recent months, utilizing CBRE’s superior teams in our critical markets, Los Angeles and Dallas. The depth of knowledge and amazing layers of personal service aligned perfectly to accomplish our objectives and far exceed expectations.”
Investment activity remains strong in the Greater Los Angeles office market, according to CBRE research. Office employment in the Greater Los Angeles area has continued to grow at a steady pace, consistent with broad economic expansion. Rents are likely to tick higher in 2017 due to anticipated growth in demand for office space.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com