San Diego-based Parallel Capital Partners has named JLL as the exclusive leasing agents for Shoreline Square, a 383,652-square-foot, 20-story class-A office property in Long Beach that overlooks the Queen Mary, GlobeSt.com reports exclusively. Parallel Capital purchased the property in April of this year for $101.7 million. Now, JLL will seek to lease the remaining square footage
JLL SVP George Thompson, SVP James Estrada and VP Eric Adams will lead the leasing efforts on behalf of JLL. The team was chosen for its knowledge of the Long Beach market. According to Estrada, the market has a declining vacancy rate and the market fundamentals are ever improving. They plan to market the property to class-A tenants looking for an urban setting and nearby shops and restaurants, which is in line with Parallel’s plans for the building.
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