DirecTV Dials Up $56-Mil Lease

EL SEGUNDO, CA-Digital satellite giant DirecTV has signed a $56-million renewal and expansion lease to keep its worldwide headquarters at Kilroy Airport Center here in this LA suburb, marking the largest lease transaction in the county’s South Bay market in half a decade.

The seven-year pact includes 50,000 sf of new class A space for DirectTV, in addition to the 132,473 sf it already occupies. DirectTV, which is operated by locally based Hughes Electronics Corp., will spread itself over 10 floors in one building at 2250 E. Imperial Highway and another one-half floor in a neighboring tower at 2250 E. Imperial.

DirecTV will also have signage rights atop the 2250 tower. The complex’s owner, locally based REIT giant Kilroy Realty Corp., says those rights ensure that the DirecTV logo will be seen by the 65 million passengers who fly into the nearby Los Angeles International Airport each year and the 500,000 motorists who pass by the development each day as they drive down the Century (105) Freeway.