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Legal Powerhouse Signs $40-Mil Westside Lease

LOS ANGELES-The law firm of Manatt, Phelps & Phillips inks 12-year deal to dramatically expand the space it occupies at Trident Center. It's the latest sign the Westside may be rebounding after a difficult first half.

By David W. Myers | Updated on August 10, 2001

LOS ANGELES-One of nation’s largest law firms has signed a $40-million lease on the Westside, helping to breathe new life into a market that spent the first half of the year seemingly gasping for air.

The tenant is Manatt, Phelps & Phillips, whose nearly 300 attorneys represent some of the largest real estate developers and Fortune 500 companies around the world. Under terms of the 12-year deal, the law firm will not only keep the 127,000 sf of space it currently occupies at Trident Center in West LA but sublet an additional 73,000 sf from New York-based Metropolitan Life Insurance Co.

The two-building, 350,000-sf Trident Center stands in the 11300 block of West Olympic Blvd. Earlier this year, MetLife announced it would leave the complex after signing a deal for 15,092 sf at Douglas Emmett Co.’s Wilshire Landmark II project a few miles away.

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