Greenbridge Investment Partners, a Los Angeles-based commercial real estate investment firm, announced today that it has leased the entire 7,500-square-foot 4th floor of the historic Pasadena Star-News building to Last Crumb, a popular Los Angeles-based gourmet cookie company that delivers nationwide. Last Crumb will occupy a perfectly-suited culinary space, which recently housed Le Cordon Bleu College of Culinary Arts.
The landmark building, which is located in the heart of Pasadena’s financial district near the historic Pasadena Playhouse at 525 E. Colorado Blvd., is a prime retail location near many of the city’s dining and entertainment destinations, as well as the Pasadena Civic Center. The building’s location provides street visibility that is exponentially bolstered by the area’s high daytime traffic and proximity to The Paseo outdoor mall.
The four-story property, which comprises 82,509 square feet of total rentable space, was completed in 1925. Designed by notable American architect Joseph Blick, the eye-catching structure has retained much of its original architecture, including its irreplaceable ceilings and historic stonework. The property also features a penthouse above the 4th floor and two below-grade levels. The building is adjacent to a parking structure at 473 East Union Street.
“This property is incredibly versatile. Any retail tenant will have access to heavy foot traffic of shoppers. At the same time, the building’s previous occupants required substantial and reliable infrastructure and large-scale utilities that exceed the needs of not only culinary tenants, but the growing high-tech manufacturing industry,” said Sean Hashem, principal of Greenbridge Investment Partners. “The building’s infrastructure is matched by its beautiful and classic interiors. It can truly support any tenant looking for increased productivity and higher consumer visibility.”
This leasing transaction, amongst other recent efforts, coincides with the celebration of Greenbridge Investment Partners’ 10th anniversary. Since being founded in 2012 with the goal of identifying underachieving projects with the highest potential of becoming “best in class” properties, Greenbridge has developed an extensive portfolio of prime properties across multiple commercial sectors such as the Seattle Design Center, Time Square Office Park and the Home Ranch Community Center.
