In another transaction involving the 27-story, 558,000-sf building, Salomon Smith Barney has added 3,000 sf valued at $800,000 over 10 years, bringing its occupancy to more than 14,000 sf.

Long Beach-based NAI Matlow-Kennedy Commercial Real Estate Services represented the landlord, Commercial Development International/West Inc., in the two transactions. Rick Merritt of Julien J. Studley's Los Angeles office repped Ford, Walker. Rosey T. Miller of Studley's Los Angeles office repped Salomon Smith Barney.

Robert Garey, principal of NAI Matlow-Kennedy, says his firm repped the landlord in three other World Trade Center transactions but wouldn't disclose terms. One involves 11,000 sf for Sea Launch, a company that works with Seattle-based Boeing. Another is a six-year, 3,000-sf lease expansion for Innovative Dialysis Systems.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.