Kidder Mathews brokers Linda Lee, Scott Unger, and Bill Boyd have successfully represented Sharp Capital, a commercial real estate development and investment firm, in two leasing transactions that have brought 425 West Broadway in Glendale, California to 100% occupancy.
The team negotiated an 18,000-square-foot lease renewal with Acrisure, a financial technology and insurance company that has been a tenant in the building since 1999. The renewal covers the entire third floor.
In addition, Kidder Mathews secured a new lease with Metis Law Group for the building’s remaining available space, completing the lease-up of the 72,000-square-foot property.
425 West Broadway is a four-story Class A office building with convenient access to Interstate 5, State Route 134, and State Route 2. The property has a Walk Score of 91 and is located near a variety of retail and dining amenities, including Glendale Galleria and Americana at Brand, a mixed-use retail, dining, and entertainment destination.
“Sharp Capital’s proactive leasing strategy and nimble approach, combined with offering a premium office product at an affordable cost of occupancy, have enabled us to achieve a fully occupied asset,” said Unger. “425 West Broadway is the only fully leased building in its competitive set, which is a testament to the strength of this asset and its ownership.”
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
