In the first lease, Lockton Insurance Brokers signed a 10-year renewal for 47,984 sf at Ernst & Young Plaza. The tower stands at 725 S. Figueroa St., on the corner of Figueroa and 8th Street.
According to the terms of the agreement, Lockton will occupy the entire 35th and 36th floors of the building, which encompass a total of 47,984 sf. Although none of the parties involved would disclose the dollar value of the deal, brokers tell GlobeSt.com it's worth about $12 million.
.Christina E. Bellinghausen and Robert F. Chavez of the Staubach Co.'s Los Angeles office represented Lockton Insurance. TrizecHahn Office Management's Andy Stewart represented the building owner, WHTC Realty LLC.
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