Three-story, 70,000 SF single tenant office building.
Project Description
Douglas Wilson Companies (DWC), agent for Receiver, was tasked with overseeing the engineering, design and construction team to restore the building after the Northridge earthquake.
Scope of Work
Subsequent to the earthquake, experiencing significant property damage, the building owner abandoned the premises – believing it to be irreparable within the time constrains of the Damage and Destruction provisions of its lease. Separately and prior to the earthquake, the tenant, Transamerica, had vacated the building, leaving a remaining liability of approximately six years per the lease agreement.
Project Resolution
DWC was able to restore the building in less than six months, thus preserving the lease.
