Five New Leases Signed at The Park DTLA

By Karen Jordan l Bisnow

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. 

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