Rising's PacMutual Lands Big Legal Lease

Chris Rising (snapped here with father and Rising Realty Partners chairman Nelson Rising) tells us the firm has inked a deal to bring Hueston Hennigan to its PacMutual campus in DTLA. The law firm has taken 21k SF at the property, bringing it up to 95% leased. Chris tells us the building has evolved exactly as planned, implementing a lifestyle office concept, which has been able to attract a variety of tenants, most notably NastyGal. The law firm was just formed in January after John Hueston and Brian Hennigan left Irell & Manella in Century City.

Rising Realty bought PacMutal for $60M with NY financial partner Mount Kellett Capital. The firm then spent some $25M on the repositioning, which has made the campus quite the attraction. It now commands the highest prices in DTLA, according to data Bisnow compiled with Colliers. JLL LA team members Mike McKeever, Nicole Mihalka and Jordan Gaffney repped the law firm, and Industry Partners' Carle Pierose repped Rising.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

LA City Council Approves Plan To Let Olympics Projects Sidestep CEQA

AEG, Archer Developing Vertiport For Air Taxis At LA Live

Demolition Underway On Hawthorne Plaza

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

The Honest Co. Moving HQ To The Bluffs: The Los Angeles Deal Sheet

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Sixty Beverly Hills Hotel Heads Back To Special Servicing

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

'Quality Of Place': One Inland Empire City's Manual For Smart Growth