CBRE facilitated a 108,272‑square‑foot lease at 445 S. Figueroa St. in Downtown Los Angeles on behalf of Washington Capital. The tenant, On Location LA, a global leader in experiential hospitality, will occupy six floors in the building, establishing its LA headquarters ahead of the 2028 Olympic and Paralympic Games. According to CBRE Research, the deal represents the largest new office lease transaction in DTLA since the fourth quarter of 2024.
On Location delivers ticketing, curated guest experiences, live event production and travel management across sports, entertainment, fashion and culture. The new space will serve as both its L.A. headquarters and a major hospitality hub for its 2028 Games work. Christopher Penrose, John Zanetos and Kelli Snyder of CBRE represented the landlord, Washington Capital.
“This lease reflects a rising demand from companies positioning themselves in the heart of the action as Los Angeles prepares to host the Olympic Games and other major global events,” Penrose said. “Class‑A, well‑capitalized buildings like 445 S. Figueroa are attracting top tenants who see the value and importance of being centrally located in Downtown L.A.”
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