Consolidate operations in Century City and downtown Los
Angeles into one location following the merger between
Marsh & McLennan and Johnson & Higgins. Based
upon the client’s financial, operational and human
resource requirements, we determined that downtown Los
Angeles was the optimal location into which to combine
its operations.
Within six weeks of the merger we finished a 137,789
square foot, 10-year sublease of Marsh’s space
in the Century City Plaza Towers to the law firm of
Troop, Steuber, Pasich & Reddick. Three months later,
we negotiated a buyout of Marsh’s lease with the
landlord, relieving our client of its entire $33 million
lease obligation. The transaction allowed the client
to subsequently consolidate its entire Los Angeles operation
into 256,000 square feet with no double-rent obligation.
3131 E. Camelback Road, Phoenix, AZ
4695 MacArthur Court, Newport Beach, CA
1730 N. First Street, San Jose, CA |
45,700 sf
26,240 sf
11,600 sf
|
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