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Staying put.


Stroock & Stroock & Lavan LLP LLP - Lower Layer Protocol  has renewed and expanded its lease in the Century City theme towers.

The New York-based law firm renewed and expanded in a 10-year deal for 62,500 square feet at 2029 Century Park East. Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center.  Co., which manages the towers, wouldn't disclose the value of the lease.

However, with asking rents hovering around $3.15 a foot, according to according to
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 CoStar Realty Information Inc., the deal is worth about $23.4 million to the building's owner, a group of institutional investors advised by JPMorgan Real Estate.

Jeff Lasky, a Trammell Crow vice president of leasing, said Stroock & Stroock renewed its lease three years early. He said it has become more common for large Westside tenants to renew in advance because premium office space is becoming more expensive and harder to find in blocks of contiguous space.

Along with Lasky, the landlord was represented by Trammell Crow's Brad Cox Brad Cox is a computer scientist and Ph.D. of mathematical biology known mostly for his work in software engineering (specifically software reuse), software componentry, and the Objective-C programming language.  and Patti Gilbert. Stroock & Stroock was represented by Peter Best and Lisa St. John of Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. .

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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Title Annotation:Stroock and Stroock and Lavan leasing contract with Trammell Crow Co.
Comment:Staying put.(Stroock and Stroock and Lavan leasing contract with Trammell Crow Co.)
Author:Fixmer, Andy
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 5, 2005
Words:191
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