225 E. Colorado

225 E. Colorado
Pasadena, California

Property Address:
225 E. Colorado Blvd.,
Pasadena, CA 91101

Formerly known as the Citizens Bank Building (CBB), 225 E. Colorado is a historically significant building located at the corner of N. Marengo Ave. and E. Colorado Blvd., conveniently located one block east of Old Town Pasadena, in the heart of the downtown district near the Pasadena City Hall Complex. 225 E. Colorado provides first-class office space in a historically significant structure. The building was originally built in 1915 for Citizens Savings Bank, which occupied the building for almost 100 years.

In September 2004, BPG acquired 225 E. Colorado and immediately took over management of the building. The team started renovations in 2005. In late 2006, the Citizens Bank vacated more than 15,000 square feet of space on the upper floor. BPG immediately began remodeling the vacant space in order to accommodate future tenants and to improve the appearance and functionality of the suites. The fourth floor was reconfigured to allow for multi-tenant lease-up, including five spec suites. In 2007, occupancy was increased from 70% to near 100%. When the project was sold in 2016, it provided an impressive return for investors and partners.