Los Angeles, CA
Reyn Spooner Signs New Office Lease at The Chamber of Commerce Building in Pasadena
CBRE represented both the landlord and tenant in the lease transaction
July 19, 2022

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CBRE’s Kevin Duffy, Natalie Bazarevitsch, Jackie Benavidez, and Damon Feldmeth represented the landlord, an affiliate of Edgewood Realty Partners, and their managing agent, The Kutzer Company, in the transaction. Jonathan Dezzutti and Scott Steuber of CBRE represented Reyn Spooner, Inc.
“The unique combination of the design studio, retail showroom, and corporate office space will be the perfect complement to the historic Chamber of Commerce Building,” said Mr. Duffy, senior vice president at CBRE. “The new workplace allows Reyn Spooner employees direct access to dozens of Old Pasadena restaurants and retail amenities.”
The Chamber of Commerce Building is a landmark historic property with 84,000 sq. ft. of creative office space above a ground floor of retailers and restaurants. It is located in the heart of Old Pasadena, a vibrant live/work/play district. Additionally, the building has 246 parking spaces and is near the Gold Line and major thoroughfares.
According to CBRE research, in the first quarter of 2022, the Greater Los Angeles office sector achieved 512,403 sq. ft. of positive net absorption, the second quarter of positive net absorption in a row.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.