Exclusive: Five New Leases Signed At Rising Realty's Park DTLA

The Park DTLA
Photo credit: Courtesy of Rising Realty Partners

The Park DTLA seems to be getting more popular by the day.

Five new leases were just signed at Rising Realty Partners' five-building, 270k SF office park.

G-SMATT America, David Evans & Associates, Old Republic National Title, Eighth Light and Wolf & Co have all inked lease deals.

The University of Guadalajara, Berkhemer Clayton and Kimberlina Whettam & Associates signed lease renewals.

Nico Vilgiate, Colliers International
Photo credit: Courtesy of Nico Vilgiate

Rising Realty’s 5x5 tech platform is an advantage for tenants, providing “a superior kind of experience when it comes to uploading and downloading data,” Colliers International EVP Nico Vilgiate (pictured with his wife, Ashley, and daughter, Mia, in Utah's Uinta Mountains) tells Bisnow. Nico, along with Colliers associate Kyle Stanich, is the property’s leasing broker.

With the technology, people realize their conference room or work area can be outside of their space, he says.

Every facet of the Park DTLA has been upgraded, including WiFi, according to Rising VP Marc Gittleman.

Such amenities and the "pet-friendly" environment with pop-up food service and food trucks “create an experience at work as opposed to just going to work," Nico says.

DTLA has become a “much more vibrant and a much more viable alternative than it has ever been in my entire career,” he says.

Rising Realty bought the Park DTLA, on the west side of Figueroa Street between 2nd and 3rd streets, last year. It was previously known as the Figueroa Courtyard.

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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Developers Riding The Surf Park Wave With Resorts, Retail And Residences

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Immigration Crackdowns Dealt LA Businesses A Multimillion‑Dollar Blow