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Another indication of Downtown’s increasingly dynamic office market, Comerica Bank announced today that it has signed a lease to occupy up to 27,000-square feet of commercial space inside the Figueroa at Wilshire tower, becoming a new centralized regional office for the Dallas-based financial service provider.

“The relocation is centrally positioned within major Los Angeles businesses. It is the ideal place to serve our customers and grow our business,” said David White, Southern California president for Comerica, in press released issued by the company.

“After 19 years of growth in multiple locations in the city, Comerica Bank is pleased to have one point of operation in downtown to enhance our presence in the central business district in Los Angeles.”

Comerica is now operating a new ground-floor banking center in the building, which opened last month, and will move five of the its key departments into 12th floor office space.

A grand opening event is scheduled for late summer.

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