Los Angeles, California – Our NNN Commercial Real Estate news is on a retail property in Downtown Los Angeles. We have information on a major commercial property improvement project in Los Angeles, California. NNN Commercial Real Estate is a terrific wealth building tool. The property we researched is the retail shopping center at 7th and Figueroa, which is having a major makeover. This NNN Commercial Real Estate development is one of the largest retail shopping centers in downtown Los Angeles.
Brookfield Office Properties is the owner of this Los Angeles net lease property. Brookfield Office Properties is a commercial real estate corporation which owns, manages, and develops premier commercial properties in North America. This commercial real estate firm also develops in Australia’s most dynamic and resilient markets.
The commercial real estate corporation, Brookfield Office Properties has their signature commercial properties oversee the skylines of many major metropolitan statistical areas, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Sydney and Melbourne. The Commercial Property owner, Brookfield Office Properties is a publicly traded company, and is listed under the ticker symbol BPO on both the New York and Toronto Stock Exchanges.
Brookfield Office Properties is preparing to bring in high-caliber apparel brands, retailers and fine restaurateurs as net leased tenants for this Los Angeles NNN Commercial Real Estate development. The commercial real estate firm invests in property with high occupancy levels, and long-term NNN leases. The commercial real estate firm uses a very disciplined approach and they have an experienced management team. The commercial real estate firm uses Net Lease Funding structures that minimize their risk, and keeps them in a strategic position during these economic times for success.
The NNN commercial real estate firm has started a $40 million renovation on the retail shopping center. The Los Angeles NNN Commercial Real Estate development is approximately 330,236 square-feet and Target Corporation has recently signed a net lease for about 100,122 square feet. The new net lease with Target as the anchor Tenant should send this triple net leased property into a prosperous (NOI) net operating income schedule.
We want to applaud Target for bringing this type of store concept to Los Angeles. This will also bring new jobs and economic opportunity to the Downtown Los Angeles area. The Target net leased property will be an important addition to FIGat7th. Los Angeles commuters, tourists or local residents will be able to frequent the CityTarget net lease property. This Target commercial property will offer the convenience of one-stop shopping for affordable fresh food, apartment essentials, trendy fashions, books and entertainment sources.
This Los Angeles NNN Commercial Real Estate development will be called FIGat7th as before many shoppers knew it as 7+FIG. This Los Angeles net lease property is conveniently situated off the Harbor Freeway at 7th and Figueroa in the retail district. The Los Angeles NNN Commercial Real Estate development is just a few paces away from the Staples Center, the Convention Center and many premier hotels. This Los Angeles NNN Commercial Real Estate development will also benefit from retail foot traffic from many surrounding high occupancy residential properties in this Downtown area. This Los Angeles net lease property is also only a few streets from the Los Angeles Central Library.
The Los Angeles NNN Commercial Real Estate development under construction is planned to be completed by the fall of 2012. This Los Angeles commercial Property completion should be on schedule with City Target’s grand opening. This Los Angeles Target will be one of the prized retailer’s first stores nationwide that will be the new CityTarget format.
This Los Angeles NNN Commercial Real Estate development will also be a new start for a 500-seat indoor/outdoor dining area, which will be called Taste. This portion of the Los Angeles commercial property, Taste, will be a chef-driven food court. This Los Angeles net leased property will have a new 60-foot-wide stairway that descends off of Figueroa Street to the second level of the retail shopping center.
Also Los Angeles architectures have designed a gorgeous structural glass canopy that will display the grand stairway and new retail shopping concourse. Turner Construction Co. is signed up as the primary general contractor. At this time we are not aware of Commercial Loans on this NNN Commercial Real Estate development.
The commercial property owner, Brookfield Office Properties has retained Gensler of Los Angeles for the architecture designs. The architecture firm Gensler describes themselves as partners with their clients, offering architect designs, planners and architecture consultants. Gensler’s projects might be as small as a wine label or a huge, new urban district. Gensler architecture firm has over 2,516 professionals networked across 35 locations. They serve their clients as trusted advisors, as they offer localized expertise and global perspectives, wherever new projects arise.
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