Imperial Bank Signs Lease

Imperial Bank has signed a 10-year lease with RCI Management Group to occupy nearly 40,000 square feet of office space at RCI’s Figueroa Plaza, 201 N. Figueroa St.

One source valued the deal at more than $20 million.

Imperial will move its regional office into the ground floor and will take other space in the building by the end of this year. Construction will begin on a second tower on the site next year.

Greenwood & Co. Commercial Real Estate said the lease also calls for the plaza to be renamed Imperial Bank Towers. RCI represented itself in the transaction.