Fashion Retailer Johnny Signs 31K-SF Lease at DTLA – Commercial Observer

Clothing and accessories retailer Johnny Was has signed a 31,153-square-foot lease for its new headquarters in an office owned by Atlas Capital in Downtown Los Angeles.

The fashion designer will take over the sixth and seventh floors of the low-rise office located at 712 South Olive Street. The property on the corner of Seventh and Olive streets is one block from Pershing Square as well as the Downtown LA . Historic Core district

The space will serve as a showroom for customers and as a new headquarters, according to Cushman & Wakefield, who brokered the deal. This rental also has exclusive access to a rooftop penthouse jewelery box with private deck.

“The Historic Core and Arts District sees some fashion tenants circling for creative office space because of their proximity to industrial submarkets,” said Brittany Winn, director at Cushman & Wakefield. “These tenants have chosen to move their headquarters operations away from warehouse facilities and into something creative, with employee health in mind.”

Atlas did not immediately respond to a request for comment.

The city center has grown rapidly in the last decade in part due to the country’s leading apartment boom. A recent study by RENTCafe found that Downtown LA added more than 10,100 multifamily units over the past four years, which is more than any major neighborhood in the country. And new developments underway will soon add thousands of additional units in the next few years, including Related companies‘ The Great One and Onni Group1.5 million square feet Times Mirror Square project.

However, Downtown’s office market has lagged significantly behind the rest of the region. Submarkets regularly top the list of office vacancies in LA County, with nearly 30 percent of Downtown office space available for rent or lease after the third quarter of this year.

Meanwhile, Atlas recently jumped into the LA studio development scene when it announced plans to rebuild its former studio LA Times printing factory to be $650 million production lot with 17 sound stages and 212,300 square feet of offices. Atlas also has DTLA line — which is being redeveloped into offices, restaurants and retail near the Times printing factory — and creative office campus in El Segundo.

Cushman & Wakefield’s Pete Collins, Brittany Winn, Mike Condon Jr., Scott Menkus and McKenna Gaskill representing Atlas at 712 South Olive Street. Trent Merrill and Sarah Schutter from Triple R . Group represented by Johnny Was.

Gregory Cornfield can be reached at [email protected].