Pasarroyo

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Pasarroyo (the “Property”)—a 651,258 RSF office campus in Pasadena, California. The Property is the best-performing office asset in the Pasadena market, combining the highest rents, the strongest occupancy trajectory, and the deepest pipeline of institutional tenant demand in the submarket.

Pasarroyo is currently 85% leased with a 5.9 year weighted average lease term. With 115,000 RSF of positive absorption since the beginning of 2025, the Property has outpaced its competition in the Pasadena market due to its exceptional floorplates, campus environment and plentiful amenities. The Property has benefited from over $50 million in capital investment since 2018 resulting in market-leading rents and a 37% premium to the average market rent. The tenant roster is made up of institutional-grade firms representing industries from finance, insurance, engineering and law.

The property boasts a robust roster of Fortune 500 tenants including JP Morgan, Charles Schwab, and Tokio Marine. Recent leasing activity has been strong, with expansions totaling over 150,000 square feet. Located on the highly amenitzed South Lake Avenue with a Walk Score of 96, the Property benefits from over $50 million in recent ownership investment and unmatched access to 100+ restaurants, national retailers, and the Gold Line Metro.