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Airline Unit Relocates HQ

LOS ANGELES-Jalux Americas Inc., a subsidiary of Japan Airlines, will relocate its headquarters to the LAX Business Center after signing a 10-year lease for 13,000 sf.

By Bob Howard | Updated on October 28, 2003

LOS ANGELES-A subsidiary of Japan Airlines known as Jalux Americas Inc. will relocate its headquarters to the LAX Business Center after signing a 10-year lease for 13,000 sf there, according to Cushman &Wakefield.Satoru Jo and John Winnek of Cushman & Wakefield, who represented the tenant in the $2.9 million lease, say that under the terms of the transaction, the landlord covered the cost of Jalux’s termination fee at its previous location and provided numerous concessions resulting in a 22% saving in total occupancy costs for Jalux over the term of the lease.

Jalux is involved in aircraft leasing and the import and sale of related equipment and materials. The company was previously located at 101 N. Sepulveda Blvd., where it had been for the past five years. Jalux will occupy a portion of the third floor at 390 N. Sepulveda within the LAX Business Center, a newly renovated campus park that consists of three 108,000-sf, three-story office buildings built in 1980. Jim Jaudro and Mike Henry of CB Richard Ellis represented the landlord, Sakioka Farms.

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