|
|
Article: Global Consultancy stays rooted in Culver City: moving expenses helped keep Towers Perrin at Watt Plaza office.(LEASE)(Brief article)
- Article from:
- Los Angeles Business Journal
- Article date:
- April 27, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SANTA Monica developer and landlord Watt Cos. has kept a large and long-time tenant at Watt Plaza, its twin-tower Century City office development.
Towers Perrin Forster & Crosby Inc., a Stamford, Conn., global consulting company, has inked a five-year lease renewal at 1925 Century Park East, where it has had offices since Watt Plaza opened in 1982.
The 43,163-square-foot renewal is valued at roughly $10 million. The lease starts at $3.65 per square foot per month on a lull-service gross basis and escalates annually at 4 percent, said Kathy McKay, vice president of leasing for Watt.
The renewal, which will begin in January, keeps the company in ...