A realty company in California recently closed a brand-new deal at a property known as the old Garland Center. The data center part of this property has thus been renamed the West 7 Center. Evocative, an internet company, signed a lease for a whopping 42,000 square feet at this piece of property, which is located in the downtown area of Los Angeles. These types of commercial leases can be mutually beneficial for both the lessor and lessee.
Evocative provides the secure internet infrastructure that its clients need. Thanks to its recent signing of a long-term lease, it will be able to access two data centers at West 7 Center. It will offer a capacity of 2.5 megawatts.
The West 7 Center will actually be the company’s first location for a data center in Los Angeles. The firm already possesses data centers in other parts of California, such as San Francisco, Silicon Valley and Emeryville, as well as in Las Vegas. The property has office space totaling 450,000 square feet on nine floors, and its data center — the biggest one in the downtown area — features more than 280,000 square feet.
Commercial leasing can be a lucrative area of real estate for investors. However, figuring out how to handle commercial leases can be tricky for both investors and the tenants interested in leasing their properties. An attorney in Los Angeles can help to ensure that investors’ best interests are protected when putting together and negotiating leases. Likewise, an attorney can make sure that business owners who are interested in becoming tenants at a commercial property are not taken advantage of in the process.
Source: therealdeal.com, “Internet company takes space at Rising Realty’s West 7 Center“, Natalie Hoberman, Sept. 12, 2017