Five-Year Disbursement, Gratis Lease, Gratis Leaseback Agreements, for a portion of 350 S. Figueroa Street, Los Angeles and 335 S. Flower St. Los Angeles

On June 9, 2026, the County of Los Angeles authorized the execution of three five-year agreements with 350 South Figueroa, LLC, a Delaware limited liability company, to facilitate stabilization work on a portion of the County-owned real property at the World Trade Center parking garage. These agreements include a Disbursement Agreement, a Gratis Lease Agreement, and a Gratis Leaseback Agreement, collectively granting the LLC access to 366,378 square feet of space located at 350 South Figueroa Street and 335 South Flower Street in Los Angeles, California, 90071. The arrangements are structured to allow the LLC to conduct necessary structural stabilization activities without financial exchange, as the leases are provided gratis, ensuring the County retains ownership while enabling critical infrastructure improvements. The agreements are set to span five years from the approval date and are managed under the oversight of the County’s Chief Executive Officer’s office. The primary point of contact for the agreements is Joyce Chang, Senior Manager, who can be reached via email at jacuna@ceo.lacounty.gov or by phone at 213-974-3078. The contract was formally posted on June 17, 2026, and is associated with the California Environmental Quality Act project number 2026060804. Although no solicitation number or NAICS code is listed, the transaction is classified as a forecast type action by the County, reflecting its intention to formalize long-term operational arrangements for infrastructure maintenance without competition or formal bidding. The place of performance is clearly designated in downtown Los Angeles, with all activities confined to the specified County-owned property within the World Trade Center parking structure.