Law firm lease.Real estate law firm Pircher Nichols Nich·ols , Mike Originally Michael Igor Peschkowsky. Born 1931. German-born American stage and film director whose credits include The Odd Couple (1965) and the motion pictures Who's Afraid of Virginia Woolf? (1966) and & Meeks has renewed and expanded the lease for its Century City office in a deal valued at $10 million. The law firm signed a 10-year lease for 39,000 square feet--a 9,000-square-foot expansion--at 1925 Century Park East, which is owned by Watt Management Co. Pircher Nichols & Meeks' rapid growth caused the law firm to renegotiate re·ne·go·ti·ate tr.v. re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates 1. To negotiate anew. 2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor. the lease before it was up for renewal, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Hunt Barnett, a principal at Madison Partners, which represented the tenant. "They needed more space and they were paying rent that was over market rate," Barnett said. "We did a blend and extend that I believe was both beneficial to the tenant and the landlord." Watt Management is owned by Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, homebuilder Ray Watt, who also has a controlling stake in John Laing For John Laing, the 15th century bishop of Glasgow, see John Laing (bishop) John Laing plc is a British developer and operator of privately financed, public sector infrastructure projects such as roads, railways, hospitals and schools through Public-Private Partnership (PPP) and Homes. The twin towers at 1925 Century Park East is known as Watt Plaza, and under its new lease, Barnett said, Pircher Nichols & Meeks becomes the complex's largest tenant. Watt Management was represented in the negotiations internally by Kathy McKay. Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225, ext. 263, or by e-mail at afixmer@labusinessjournal.com. |
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