LOS ANGELES, Oct. 11, 2021 /PRNewswire/ -- Leading
commercial interiors firm Westfall Commercial Furniture and global
flooring provider Shaw Industries have renewed their leases at
FourFortyFour South Flower Street in downtown Los Angeles owned by Coretrust Capital
Partners. Westfall signed a six-year lease for 6,670 square
feet on the 43rd floor, expanding its space by 2,200
square feet. Shaw Industries, a wholly owned subsidiary of
Berkshire Hathaway, has exchanged its previous sublease for a
direct lease of 4,700 square feet on the 3rd floor in
space that overlooks the recently renovated outdoor Bridge Terrace
along Flower Street. The Shaw space is home to a showroom for the
company's Shaw Contract brand, which serves the commercial design,
construction, and real estate industry.
"FourFortyFour has been a terrific location for us to
grow our business, leading us to expand our space for the future
and build an entirely new state-of-the-art showroom," said
Tyler Westfall, Owner & Vice
President-Sales of Westfall Commercial Furniture. "Our
commitment to the building is even stronger because we know it is
the safest and healthiest workplace in the city, if not the
country, for our staff, our customers and our furniture
partners. The investment made to health and wellness by
Coretrust, the building owner, has deeply impressed all of us at
Westfall."
"We decided to become fulltime tenants at FourFortyFour
due to the excellent customer service of the Coretrust staff, the
great amenities, and the building owner's commitment to people and
the planet that aligns with our values and ambitions," said
Jeff West, vice president of
marketing and product development at Shaw Contract. "We are
particularly pleased to have a new open air garden patio adjacent
to our office, giving us a true Los
Angeles outdoor space where our associates and customers can
enjoy sunshine and fresh air."
"We are pleased that these preeminent firms have renewed and
expanded their space with us," said Thomas
S. Ricci, Managing Principal and a co-founder of
Coretrust. "Westfall and Shaw are two of the fine interiors,
architecture, engineering and commercial services firms that now
occupy about 100,000 square feet at FourFortyFour,
transforming the tower into a downtown design hub," Ricci added.
"These firms showcase our building to thousands of top
business and professional visitors each year."
Westfall is well known as one of the leading contract furniture
dealers, providing comprehensive furnishing solutions for companies
in a wide array of industries. A family-owned business
established in Los Angeles more
than 40 years ago, Westfall partners with over 100 furniture
manufacturers and prides itself on collaboration with clients of
all sizes to meet their goals.
Shaw Industries Group, Inc. is one of the largest global
suppliers of flooring for commercial and residential markets with
approximately $6 billion in annual
revenue and more than 20,000 associates worldwide. Its Shaw
Contract brand serves the commercial market – making flooring that
delivers a purposeful blend of design, materiality, sustainability
and performance.
FourFortyFour is the first office tower globally to earn
the Tier 2 UL Verified Healthy Building Mark for its indoor air and
water quality. In addition, it recently earned two more
important wellness certifications recognizing Coretrust's
health-related technologies and operating processes that prioritize
building occupants' safety and wellness. These major awards
are: GBAC STAR™ accreditation from the Global Biorisk
Advisory Council, a division of ISSA; and the WELL Building Health
and Safety certification. The iconic tower also holds LEED GOLD
certification by the U.S. Green Building Council.
The wide range of anti-COVID and other bio-contaminant
technologies that Coretrust has brought into FourFortyFour have
earned it these awards. Central to the indoor air quality is
Biowall MAX Ultraviolet Germicidal Irradiation Ultraviolet in-duct
air purification systems by Sanuvox Technologies. Supporting
this system are upgraded MERV-14 rated air filters that further
filter the air as it is distributed throughout the building.
In addition, Coretrust is the first Los
Angeles landlord to provide continuous elevator air
purification through bi-polar ionization generators atop each
cab.
Coretrust has added secured touchless destination dispatch
controls to completely modernized Otis elevators that allow tenants
to use security cards to call cars without touching buttons. Among
other important changes to minimize touchpoints, Coretrust has
installed automatic doors, touchless parking garage entry,
touchless security access for visitors, and touchless restroom
fixtures.
A major Coretrust innovation is hacking the building's curtain
wall to create a 1,000-square-foot loggia terrace that brings fresh
air and sunlight into the 22,500-square-foot Workplace Innovation
Lab on the sixth floor. Potential tenants are exploring
similar indoor terraces on other floors, according to Ricci.
FourFortyFour has a wide range of on-site amenities such
as the 12,000-square-foot Gallery Conference and Event Center,
Equinox, Starbucks, Mendocino Farms, OmNom Organics, Citi bank
branch, Uptown Drugs, Trims and Trends Hair Salon, abundant on-site
parking, EV-charging stations and a carwash. Its Distributed
Antenna System extends from the lowest level of the parking garage
to the roof. It provides highly reliable and robust cellular and
Internet service throughout and positions the property to take full
advantage of 5G as its deployment ramps up.
About Coretrust Capital Partners
Coretrust Capital
Partners, LLC ("Coretrust") is a Los
Angeles-based private real estate operating company formed
in 2014 by three original partners of Thomas Properties Group, Inc.
(NYSE: TPGI). Coretrust, a Registered Investment Advisor,
provides fiduciary investment management services to institutional
clients in both co-investment and separate account vehicles
targeting opportunistic, value-add, core plus and core strategies
in the office sector. Coretrust targets acquisitions in major
urban centers located in the West Coast, Southwest and the
Mid-Atlantic regions. For more information visit
www.coretrustcapital.com
Contact:
Barbara Casey
310.990-0750
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SOURCE Coretrust Capital Partners