LAUSD to Leave Offices in Wells Fargo Center
The Los Angeles Unified School District will leave offices on downtown’s Bunker Hill next year for space in a 33-story high-rise at 7th and Bixel streets.
LAUSD officials agreed to lease 117,000 square feet for 10 years at 1055 W. 7th St. in a deal valued at more than $25 million, said broker Eric Duncanson of CB Richard Ellis, who represented landlord Bristol Group Inc.
The district will move administrative offices out of about 255,000 square feet in Wells Fargo Center on Grand Avenue that it leased from Maguire Properties Inc. in 1995. Employees leaving that property next July will go to the 7th Street building or to nearby Beaudry Center, which the district purchased in 2003.
Roger Vincent
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