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Cushman Realty Corp. Closes 93,320 SF Lease Transaction for Ernst & Young; 10-story tower to be named Ernst & Young Center at Lakeshore Towers.


LOS ANGELES/ORANGE COUNTY, Calif.--(BUSINESS WIRE)--June 28, 1999--

Cushman Realty Corp., an internationally recognized real estate brokerage firm, today announced the closing of a 10-year, 93,320 SF lease transaction on behalf of Ernst & Young LLP LLP - Lower Layer Protocol , a Big 5 professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products.  firm, for four floors located in a 10-story, 230,000 SF office tower at 18111 Von Karman Ave., in Irvine.

Brian Ulf, vice president, Ted Simpson, senior broker, and Josh Wrobel, Esq., associate broker, members of Cushman Realty's Special Projects Team, based in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or , handled the transaction on behalf of Ernst & Young LLP.

Rick Kaplan Rick Kaplan, who served as President of CNN (1997-2000) and Senior Vice-President of ABC News (2003), was named President of MSNBC in February 2004. He was a long-time executive producer for World News Tonight with Peter Jennings before leaving for CNN. , senior vice president, and Jeffrey Osborn, senior vice president and managing director, both of Cushman Realty's Newport Beach office, represented the landlord, Lakeshore Towers Ltd. Partnership Phase II.

"This transaction was a milestone for new construction in the John Wayne airport John Wayne Airport (IATA: SNA, ICAO: KSNA, FAA LID: SNA) is located at 18601 Airport Way, Santa Ana, CA 92707. Other nearby cities include Newport Beach, Costa Mesa, and Irvine.  area," said Wrobel. "Ernst & Young will be located in a landmark, 10-story structure that will be adorned with their logo -- easily visible from the freeway -- which will establish a strong presence for the firm in the area."

Groundbreaking for the new structure, which will be named the Ernst & Young Center at Lakeshore Towers, was held yesterday. Construction is scheduled for completion in July, 2000. Once completed, the tower will become home to Ernst & Young and Ernst & Young Kenneth Leventhal professionals who are currently located in two separate offices in Irvine and Newport Beach.

With headquarters in downtown Los Angeles, Cushman Realty is an internationally recognized real estate brokerage firm specializing in office leasing, investment services and consulting. Founded in 1978, the firm also maintains offices in West Los Angeles
  • West Los Angeles, Los Angeles, California, a neighborhood of Los Angeles
  • West Los Angeles (region), a popularly identified region of Los Angeles, incorporating the neighborhood above
, Newport Beach, San Diego, San Francisco, Walnut Creek, Denver, Houston, Chicago, Washington, D.C., and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

The firm's corporate headquarters are located at 601 S. Figueroa St., 47th floor, Los Angeles, Calif., 90017, 213/627-4700.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 28, 1999
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