5900 Wilshire Secures Suite Of New Tenants

New Leases Bring Landmark Miracle Mile Property to More Than 95% Occupied

Nov 20, 2015, 06:17 ET from The Ratkovich Company

LOS ANGELES, Nov. 20, 2015 /PRNewswire/ -- The Ratkovich Company today announced six new leasing agreements at its landmark 5900 Wilshire property, bringing the 31-story office building to just over 95% occupancy. Spanning the design, technology, and financial services industries, the new tenants join a creative-leaning community in the heart of Miracle Mile. With these additions, approximately 70% of tenants at 5900 Wilshire are comprised of those in the media, entertainment, art and design industries.

"The Miracle Mile area has experienced a rapid infusion of business activity in recent years – attracting both newcomers as well as mainstays from neighboring communities in Hollywood and Beverly Hills," said Clare De Briere, executive vice president and COO of The Ratkovich Company. "Against the backdrop of this high-demand market, these agreements are a testament to the vibrant, tight-knit community created for our tenants at 5900 Wilshire. We're excited to welcome these new faces and even happier to extend our relationship with current tenants."

The new agreements account for more than 26,000 sf and include a mix of local businesses and global enterprises, including:

  • WatsonDG (5,000+ sf) – Award-winning digital creative boutique specializing in digital storytelling and online development
  • Trademark Talent (1,500+ sf) – Talent management firm representing actors, writers and directors throughout the entertainment industry
  • Vision Critical (4,000+ sf) – Developer of cloud-based intelligence platform for customer engagement
  • Phillip Roman & Company (2,500+ sf) - Merger and acquisition consulting firm specializing in private, middle market transactions
  • GloCap (2,500+ sf) - Search firm serving the specialized recruiting needs of clients in various industries
  • MarketCast (expansion to 6,000+ sf) – Global research-based marketing consultancy

"5900 Wilshire sits in a well-connected cultural hub flanked by LACMA, the newly renovated Petersen Automotive Museum, the up-and-coming Academy of Motion Pictures, Arts and Sciences Museum, the historic Berlin Wall and a diverse offering of food trucks," said Michael Green, business manager of WatsonDG. "We look forward to drawing inspiration from the entertainment, art and food surrounding us, as well as all of the other creative associates in the building."

For more information on the property or leasing opportunities, visit www.5900wilshire.net.

About 5900 Wilshire
5900 Wilshire, is a 31-story tower with 360 degree views of the city located in Los Angeles' Miracle Mile district. Designed by the legendary William Pereira in the late 1960s, 5900 Wilshire was acquired by The Ratkovich Company, in partnership with an institutional investor, in December 2005. Following a successful $34 million renovation in 2008, 5900 Wilshire is the new headquarters for innovative, successful entertainment and media companies, like the Sundance Institute, Los Angeles magazine, Millennium Entertainment and Edelman in the Miracle Mile. 5900 Wilshire is the recipient of both the Building Owners and Managers Association of Greater Los Angeles Office Building of the Year award and the 2009 Renovated Building of the Year from the Los Angeles Architectural Awards. In 2012, 5900 Wilshire received a LEED Gold certification. For more information, visit www.5900wilshire.net.

About The Ratkovich Company
The Ratkovich Company is a Los Angeles development company that engages in both new development and the imaginative reuse of existing buildings. The company has completed, or has under development, nearly 18 million square feet of commercial space in Los Angeles County, including The Bloc, a 1.8 million square foot, mixed-use property at the heart of downtown Los Angeles that will become the premier urban retail, office and hospitality destination. The company has also redeveloped The Alhambra, a 45-acre mixed-use urban community in the city of Alhambra, and The Hercules Campus at Playa Vista, a landmark property comprised of 11 historic buildings, including the hangar where Howard Hughes' legendary Spruce Goose was built. The Hercules Campus is home to YouTube, Konami and 72andSunny. The Ratkovich Company has won numerous awards for its restoration of Los Angeles landmarks, including the art deco Wiltern Theatre and adjacent Pellissier building; the iconic 31-story 5900 Wilshire in Miracle Mile; the Chapman Market and the city of Glendale's Alex Theatre. The James Oviatt and Fine Arts buildings were also both awarded national landmark status after successful renovations by The Ratkovich Company. For more information, visit http://www.ratkovich.com.

Media Contacts:

Soojin Yoon 
Edelman for The Ratkovich Company 
soojin.yoon@edelman.com 
323-202-1909 

 

 

SOURCE The Ratkovich Company



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