The largest Korean American bank in the country will soon be ensconced in a Wilshire Boulevard office complex built decades ago by one of Southern California’s most storied financial institutions.
BBCN Bank, formed in a November merger between Nara Bank and Center Bank, will make its headquarters in Wilshire Colonnade. The marble-clad complex at 3731 Wilshire Blvd. — built in the early 1970s by H.F. Ahmanson & Co., parent company of Home Savings & Loan Assn. — was formerly known as Ahmanson Center.
BBCN Bank’s lease extends the former Nara’s existing lease for 44,000 square feet and adds 18,400 square feet for expansion to accommodate the merged staff of Center Bank, said real estate broker Norman Y. Lee of Studley Inc.
Terms of the 10-year deal were not disclosed, but landlord Wilshire Colonnade Corp. is asking for $2 per square foot a month, according to real estate data provider CoStar Group.