One of the largest accounting firms in Southern California has completed an estimated $8.3 million lease transaction to relocate to 299 North Euclid Avenue, resulting in the city’s largest tenant relocation this year to date, according to an area commercial real estate services company.
Lucas Horsfall already has four existing locations across the region. The new Pasadena space will include state-of-the-art design and construction will be completed by SAA Architecture.
The project is scheduled to be completed for move-in by the Fall of 2019, according to a Lee and Associates statement.
Rene Soto and Christopher Larimore, founding principals of Lee and Associates, negotiated the lease for Lucas Horsfall. William Boyd, Linda Lee and Scott Unger of Kidder Matthews represented the landlord, EQ Properties.
“Lucas Horsfall implemented a strategic plan from the beginning of their evaluation process which ultimately led to a state-of-the-art office environment and culture for their modern concept corporate headquarters,” said Soto.
Pasadena, with a critical mass of retail, dining and entertainment options drawing an average of 25,000 visitors on weekends, has become one of the most popular shopping and entertainment destinations in Southern California and continues to gain momentum, a statement from Lee and Associates said.