THE RUTH GROUP TAKES OVER 9841 AIRPORT, CHANGES ADDRESS, BEGINS MAJOR RENOVATION
With its acquisition of 9841 Airport Boulevard, The Ruth Group and Roxborough Fund I are changing the 15-story building’s address to 5901 W. Century Boulevard as part of a major repositioning of the office tower. “We are excited about the opportunity to reposition this landmark asset with a number of creative alternatives,” said Bob Ruth, President of The Ruth Group. As part of their repositioning, TRG and Roxborough’s plans include a complete rebranding, cosmetic upgrades to the exterior, a full renovation of the office lobby and entrance as well as improvements to the signage and landscaping. The repositioning is designed to transform the asset and take advantage of the lack of quality office space available in the submarket while offering rents at a discount to the neighboring submarkets. “This is unique situation whereby we can begin to transform a submarket with the repositioning of a major asset combined with the $14 billion expansion of LAX and the public transportation system” added Ruth. “It will be exciting to watch it happen!”
