Staubach Negotiates Major Lease for Herbalife's Office Expansion in Gateway West Towers in Torrance, California.Company Secures Space on Four Stories Vacated by Nissan Lease Termination TORRANCE, Calif. -- The Staubach Company Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. has successfully arranged a nine-year lease for Herbalife Ltd. (NYSE NYSE See: New York Stock Exchange : HLF HLF Heritage Lottery Fund HLF Hapag Lloyd Flug (German airline) HLF Himalayan Light Foundation HLF Hawaiian Longboard Federation HLF High-Level Format HLF Home Location Function HLF Hook Length Formula ) for 86,156 square feet of office space in Gateway West Towers at 990 W. 190th St. in Torrance, California, adjacent to two existing buildings where Herbalife leases over 220,000 square feet. Gateway West Towers is in the process of being vacated by Nissan, whose lease termination will make available a portion of the sixth floor and the entire seventh, eighth and ninth floors. Herbalife has the option to expand into the remainder of the sixth floor when Nissan's existing lease expires, as well as the right of first offer for expansion into portions of the fourth and fifth floors. Mike McRoskey, Frank Scott, Alan Aufhammer, and Tony Morales of The Staubach Company in Los Angeles, who provide analysis and advice for the Herbalife's real estate strategies, have negotiated the lease, securing exclusive building top and monument Anything by which the memory of a person, thing, idea, art, science or event is preserved or perpetuated. A tomb where a dead body has been deposited. In real-property signage rights for Herbalife. "As Herbalife further develops its global brand, the company's space requirements have grown. Securing this new space is a vital move for the company in an increasingly tight office market," said Mr. McRoskey. "Office vacancy rates in the South Bay have fallen to 14% from about 20% in the last year and, as a reflection of growing demand, rents have increased by approximately 15%," he added. In November 2006, Herbalife announced it will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its corporate headquarters from Century City to the L.A. Live This article or section contains information about expected future buildings or structures. Some or all of this information may be speculative, and the content may change as building construction begins. L.A. sports and entertainment district now under construction 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 . About Staubach Los Angeles Staubach Los Angeles is the region's leading provider of advisory and transactional services exclusively to users of commercial real estate, including office, industrial, retail and institutional buildings. Staubach LA is comprised of top-tier professionals with diverse commercial real estate and business expertise. Staubach LA combines deep local market knowledge with the capability to conduct multi-market transactions for firms with national and regional interests. Staubach LA partners with its clients far beyond the deal-making phase, adding value at every stage of the occupancy cycle. About The Staubach Company The Staubach Company (www.staubach.com) is the market leading global real estate advisory firm that delivers cost-effective solutions for the users of office, industrial and retail space. It has extensive experience in strategic consulting, site selection, acquisition, disposition, construction consulting / project management, real estate administration, portfolio management, financing and capital solutions. 1,277 people in 60 offices throughout the Americas represent Staubach's 2,400 clients. Staubach completed 5,600 transactions totaling $21 billion and 290 million square feet during the fiscal year ending June 2005. Worldwide, the DTZ DTZ Division Tactical Zone Staubach Tie Leung partnership has more than 10,000 professionals delivering services and solutions to multinational clients. About Herbalife Herbalife (http://www.herbalife.com) is a global network marketing company that sells weight-management, nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 63 countries through a network of more than 1.5 million independent distributors. The company supports the Herbalife Family Foundation (http://www.herbalifefamily.org) and its Casa Herbalife program to bring good nutrition to children. Please visit Investor Relations Investor relations The process by which the corporation communicates with its investors. (http://ir.herbalife.com) for additional financial information. |
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