The Chicago School of Professional Psychology has found a new home for its Los Angeles campus at one of the city's most prominent office towers.
Earlier this week, brokerage Cushman & Wakefield announced that the Chicago School has signed a 10-year, 5-month lease for two floors of Aon Center, the 62-story tower at 707 Wilshire Boulevard. The deal, which is valued at more than $15 million, encompasses 37,515 square feet of space.
“We love the downtown district and wanted to stay here. As a university devoted to service to community and diversity, we wanted to be in an area that would not just be easily accessible, but one that offered our students opportunities to help others and to learn through real-world training,” said Michele Nealon, Psy.D., President of The Chicago School in a press release. “We wanted a location that attracted the diverse student and employee populations we feel are necessary for a complete educational experience, and the new location fits our needs.”
The Chicago School's Los Angeles campus has been located at 617 W. 7th Street since 2008. Its tenancy at the 6th and 7th floors of Aon Center will begin in June 2019. The school will also locate its admissions and student relations offices in 2,372 square feet of space at the ground floor of a parking garage at 637 Wilshire Boulevard, which is also owned by Aon Center landlord Shorenstein Company.
Ryan Phillips and Eric Duncanson of Cushman & Wakefield represented the Chicago School in the transaction, in collaboration with Jeffrey Skender, Craig Cassell, Ari Klein, Scott Shelbourne, and Marcus Berglund. Shorenstein was represented by Josh Wrobel, Tim Miller, and Dan Vargas of JLL.