Arden Realty Signs Vivendi Universal Interactive Publishing for 100,000 Square Feet at Howard Hughes Center; Transaction Returns 6060 Center Dr. to 100 Percent Occupancy.Business Editors LOS ANGELES--(BUSINESS WIRE)--Feb. 1, 2001 Vivendi Universal Interactive Publishing (VUIP), a division of Vivendi Universal Publishing (VUP (VAX Unit of Performance) A unit of measurement equal to the performance of the VAX 11/780, the first VAX machine. VUP - VAX MIPS ), has signed a 10-year lease with Arden Realty Inc. for 100,000 square feet of office space at 6060 Center Dr. in Howard Hughes Center in West Los Angeles
This lease commences in February and backfills the space vacated by IXL Inc. on Dec. 31, 2000. VUP's Education division will occupy the space and is expected to move from its current offices in Torrance and Glendale, Calif., to the 12-story building at Howard Hughes Center in May. "Howard Hughes represents the ideal business address," stated Luc Vanhal, chief executive officer of Vivendi Universal Interactive Publishing. "Its outstanding location, strong technology infrastructure and impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. amenities and retail promenade suit Vivendi's culture and will support its growth in years ahead." "Even when we are fully leased, we maintain strong ties with potential tenants," stated Victor Coleman, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Arden Realty. Southern California continues to be a desirable market and we are confident that there is demand for space at Howard Hughes Center." In the past 18 months, more than 600,000 square feet of office space has been absorbed at Howard Hughes Center. Regional Director Michael Pollock represented Arden Realty and David Toomey of Cresa Partners represented Vivendi Universal Interactive Publishing in the transaction. About Arden Arden Realty Inc. (NYSE NYSE See: New York Stock Exchange :ARI ARI Acute respiratory infection, see there ) is a self-administered and self-managed REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). that owns, manages, leases, develops, renovates and acquires commercial properties located in Southern California. The company is the largest office landlord in Southern California with more than 18.7 million square feet of office space. About Vivendi Universal Interactive Publishing Vivendi Universal Interactive Publishing sells and distributes Vivendi Universal Publishing's entertainment and educational PC and console-based software products throughout North America, South America and Asia. Blizzard Entertainment, Knowledge Adventure, Sierra and Universal Interactive Studios -- all divisions of VUP's Games and Education businesses -- publish some of the industry's most successful interactive franchises, including "Diablo," "Half-Life," "Hoyle," "You Don't Know Jack You Don't Know Jack is a series of computer games developed by Jellyvision and Berkeley Systems. YDKJ, promoted as the games "where high culture and pop culture collide," combine trivia with comedy. ," the "JumpStart Learning Series" and "Crash Bandicoot." |
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