On Location LA Secures Major Downtown LA Headquarters Ahead of 2028 Olympics Global experiential hospitality leader On Location LA has leased a substantial 108,272-square-foot space in a prime Downtown Los Angeles office tower, marking the largest new office lease in the district since late 2024 and positioning the company for its significant role in the 2028 Olympic and Paralympic Games. In a significant real estate development for Downtown Los Angeles, CBRE has announced the successful facilitation of a substantial 108,272-square-foot lease at the prestigious 445 S. Figueroa Street property. Washington Capital, the building's owner, has welcomed On Location LA as its new tenant. On Location LA, a globally recognized company specializing in premium experiential hospitality, will be taking over six floors within this prominent Class A office tower. This strategic move will establish On Location LA's Los Angeles headquarters, a vital step as the city gears up to host the 2028 Olympic and Paralympic Games. The company's expertise spans a wide spectrum of services, including the delivery of ticketing solutions, meticulously curated guest experiences, sophisticated live event production, and comprehensive travel management. Their involvement extends across diverse sectors such as sports, entertainment, fashion, and culture, underscoring their broad reach and impact. The newly leased space at 445 S. Figueroa Street is poised to serve a dual purpose: acting as On Location LA's central hub for its operations in Los Angeles and simultaneously functioning as a major hospitality center for its extensive responsibilities during the 2028 Games. The transaction was expertly handled by a CBRE team comprising Christopher Penrose, John Zanetos, and Kelli Snyder, who represented the landlord, Washington Capital. Penrose highlighted the significance of this lease, stating that it clearly reflects a growing trend of companies actively seeking to position themselves within proximity to key venues and the core of activity as Los Angeles prepares to host not only the Olympic Games but also a host of other major international events. He further emphasized the desirability of well-capitalized, Class A properties like 445 S. Figueroa Street, noting their appeal to leading tenants who recognize the immense value and strategic advantage of a central location within the thriving Downtown Los Angeles business district. This sentiment underscores the property's premium offering and its ability to attract high-caliber occupants. The 445 S. Figueroa Street address represents a premier Class A office tower known for its robust ownership, notably operating without any building debt, which contributes to its financial stability and appeal. The building boasts a comprehensive suite of modern amenities, enhanced on-site services designed to cater to tenant needs, and offers direct and convenient access to the rapidly expanding array of dining establishments, public transportation networks, and vibrant entertainment options that characterize Downtown LA. According to recent data compiled by CBRE Research, this newly secured lease stands out as the largest new office lease transaction to be recorded in Downtown Los Angeles since the fourth quarter of 2024, further cementing its status as a landmark deal. The information for this report was derived from official communications and data provided by CBRE Group, Inc., ensuring accuracy and reliability.