Avison Young announces lease between John Hancock Real Estate and United Way of Greater Los Angeles in downtown Los Angeles

Los Angeles, CA – On behalf of John Hancock Real Estate, the ownership of 515 South Figueroa Street in downtown Los Angeles, Avison Young announces today a full-floor, 22,115-square-foot office lease at the Class A office property. United Way of Greater Los Angeles has signed a 15-year lease and will relocate to its new ninth floor space in April 2025.

The tenant was represented by Ron Burkhardt and Steve Salas with Newmark. Avison Young Principal John Eichler and Senior Vice President Tyler Stark represented John Hancock Real Estate. Avison Young is also the managing agent for the property.

“We are thrilled with our upcoming move to a new office location in the heart of downtown Los Angeles. This exciting transition brings us back to the vibrant center of the city, where we will be near many of our key partners. This new location will not only enhance our ability to connect with others in our community, but also provide a dynamic space for collaboration and innovation. We look forward to our partnership with John Hancock Real Estate and Avison Young in our new location,” said LiNing Lee Recendez, Vice President, Finance, United Way of Greater Los Angeles.

515 South Figueroa is a 21-story, LEED Certified Class A property totaling 437,787 sf and includes a new state-of-the-art tenant conference center, an outdoor landscaped courtyard, Orangetheory Fitness, Bright Horizons daycare, ample parking, and secure access, among other features. The building’s occupancy is now over 86%. The property was honored in the 2024 BOMA Greater Los Angeles TOBY (The Outstanding Building of the Year) awards, as the recipient for the Best Building in the 250,000 – 499,999 sf category.

Since 1922, United Way of Greater Los Angeles has helped hundreds of thousands of families and individuals move into stable homes, access critical healthcare, pursue quality education, escape the cycle of poverty-and more. The non-profit will be relocating from its current downtown LA location at 1150 South Olive Street.

Having owned 515 South Figueroa Street since it was developed in 1982, John Hancock Real Estate is the longest-tenured office landlord in downtown Los Angeles and has a proven track record of international institutional management that dates back to 1887.