The historic Pasadena Star-News building in downtown Pasadena has leased more than 75% of its space to retail and restaurant tenants, according to its owner Greenbridge Investment Partners.
The Los Angeles-based commercial real estate investment firm said last week that it expects the ground floor tenant Wake and Late, a local breakfast burrito chain, to open this spring. The building, located at 525 E. Colorado Blvd., is also home to Last Crumb, a popular gourmet cookie delivery company that moved into the fourth floor last year.
Sean Hashem, principal of Greenbridge Investment Partners, said the landmark building has seen growing demand for in-person dining and delivery services in Pasadena’s financial district.
“525 Colorado has shown clear signs to emerge as a key player in the continuously growing local dining and retail market, due to the success our tenants have experienced over the past year,” Hashem said in a statement.
The approximately 84,000 square-foot building dates back to 1925 and was previously the home of the Le Cordon Bleu College of Culinary Arts. It features stunning exterior and interior architecture, including terracotta stonework, ceilings and large open spaces.
The building is also close to several cultural attractions in Pasadena, such as the Pasadena Playhouse, Pasadena Civic Center and Paseo Colorado.
The building, designed by American architect Joseph Blick, is attracting interest in the currently vacant second, third and penthouse floors of the building.