Ares Management Becomes New Anchor Tenant at Anderson Towers

Anderson Real Estate has announced its acquisition of a 12-year, 206,000-square-foot lease located at 1800 and 1900 Avenue of the Stars, from Ares Management at the firm’s reimagined “Anderson Towers” complex in the Century City submarket of Los Angeles. Ares, a global investment manager, will also receive naming rights to the building as part of the deal.

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A $100 million renovation is currently underway that will offer a panoramic view, five acres of outdoor spaces and interconnected pathways with a bridge to Westfield Century City Mall.

Allen Matkins partner John Tipton acted as Anderson Real Estate’s legal counsel. Anderson Real Estate was represented in the transaction by Peter Best of LA Realty Partners and the CBRE team of Rocky Binswanger, Bryan Dunne, and David Freitag. Ares Management was represented by John Bertram of Savills and Scott Gertz of WESTMAC.