Company to take over second floor of 11440 San Vicente Boulevard
By Dolores Quintana
Brentwood will be the site of private lender Parkview Financial’s new headquarters as reported by the LA Business Journal.
This new HQ is located at 11440 San Vicente Blvd in Brentwood and cost the company $19 million. This building is not far from their previous headquarters and is three stories tall with 24,317 square feet of new space.
Parkview Financial is only occupying one of the floors, the second floor, and a private and “high worth” individual will occupy the third floor as the first floor will be occupied by the seller of the building. Parkview is making additional investments in the new space and will renovate the second floor to the tune of $2 million, adding amenities like a lounge and a bar. In addition, they will pay $6 million to renovate the frontage of the building. The company will move into later this year.
The building was built in 1972 and the second floor Parkview will occupy has 8,000 square feet, much larger that Parkview’s current space. Tom Sexton and Michael Arnold, of NAI Capital, represented Parkview Financial in the sale.
Chief executive and founder of Parkview Financial, Paul Rahimian, said that the new office space was necessary for Parkview Financial’s expansion. “We outgrew our space,” Rahimian told the Business Journal. “We’re at that point where we are continuously growing and would hit the same issue in two years or three years, so we came to the conclusion that buying a space made sense.”
