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Bank of the West Renews Lease at 595 Colorado in Pasadena

Published on Thursday, September 11, 2014 | 12:40 pm
 

The Swig Company announced that it has renewed a lease with anchor tenant Bank of the West at 595 East Colorado in Pasadena.

The Swig Company acquired 595 Colorado, an historic office building in the heart of Pasadena’s Playhouse District, in October 2011. Built in 1928 and renovated in the 1950s and again in 2007, the eight-story building was listed on the National Register of Historic Places in 1987.

The property retains many of the classic finishes associated with an historic building including marble and turn-of-the-century ornamentation and the first floor features a grand Banking lobby with 30-foot high ornate coffered ceilings. The building sits on the Rose Parade route in the heart of downtown Pasadena and includes 214 covered parking spaces.

Downtown Pasadena is one of the most sought after and supply-constrained markets in Southern California. Last month, The Swig Company completed the purchase of the 72,000 sf. headquarters of Disney Stores USA, located at 443 South Raymond Avenue in Pasadena.

With more than $62 billion is assets and 700 banking locations across 19 states, Bank of the West is a subsidiary of BNP Paribas, (www.bnpparibas.com), a global leader in financial services. BNP Paribas is one of the six highest rated banks in the world according to Standard & Poor’s. Present in more than 85 countries, the company has more than 200,000 employees.

About The Swig Company

The Swig Company, LLC (www.swigco.com) is a privately-owned, San Francisco based real estate operator and investor with a 78 year history of investment, development, partnership and management of commercial real estate properties in major markets throughout the United States. Founded in 1936 by Benjamin Swig, The Swig Company is today a vertically integrated platform that combines expertise in investment (both joint-ventures and wholly-owned assets), institutional-quality accounting and controls, proactive asset management, leasing, and property management, adds value to the portfolio and informs market perspective creating strong relationships among tenants, brokers, capital partners, and key community stakeholders. The Company’s real estate history provides a long-term perspective combined with agility and experience stewarding investors safely through many market cycles. These qualities have been the foundation for successful wealth creation and sustainability. With this foundation, The Swig Company continues to evolve a platform to merge its legacy and “generational thinking” with a growth platform based on experience, flexibility and nimbleness, keeping the company at the forefront of emerging trends in the commercial real estate industry

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