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Downtown LA’s 801 Tower Named Outstanding Building of Year

Print Article Contributed by BSM Staff

LOS ANGELES -- The 801 Tower in Downtown Los Angeles received The Outstanding Building of the Year (TOBY) award from the Greater Los Angeles Building Owners and Managers Association (BOMA).

Competing in the 250,000 to 499,000 square feet category.

The building also received the Best Practice Award for Technology in recognition of technological expertise in energy efficiency and building control systems.

Transwestern Commercial Services GM Neal Perkey manages the property, which is owned by Barings, one of the world’s largest diversified real estate investment managers.

“We’re very excited about this award and proud of the sustainable initiatives our team implemented at 801 Tower,” said Perkey. “Transwestern is committed to providing a premier, sustainable environment for our tenants, and this award recognizes our dedication to maintaining the highest standards in property management  and operations.”

Located at 801 S. Figueroa St., the 462,626-square-foot office building has undergone an extensive modernization and repositioning program since Transwestern assumed management in 2014. Originally built in 1992, the property features renovated interior and exterior common areas, a redesigned lobby, modernized building systems and energy-efficient upgrades, along with an award-winning sculpture garden.

801 Tower earned LEED Gold designation in 2017. The property is currently 94 percent occupied despite high competition for credit tenants in Downtown Los Angeles.

“Transwestern has done an outstanding job helping us restore 801 Tower back to its position as one of the premier office buildings in Downtown Los Angeles,” said John Ockerbloom, Head of U.S. Real Estate Equity for Barings. “The physical improvements and sustainability initiatives, combined with Transwestern’s proactive management approach, have attracted a premier roster of tenants and enabled 801 Tower to outperform the market.  We are thrilled that 801 Tower and Transwestern have been recognized by BOMA for this prestigious award.”

Presented by BOMA annually, the TOBY award highlights excellence in building management, operational efficiency, tenant retention, emergency planning and community impact across numerous categories. The recipients are invited to submit their properties for regional awards.

Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore.

For more, go to transwester.com or barings.com.

 

 

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