Insurance broker Lockton will relocate its regional offices into a 70,000-square-foot space at 777 South Figueroa in Downtown Los Angeles.
Lockton, which is headquartered in Kansas City, will move in February 2019 from the nearby Ernst & Young Plaza, its Los Angeles base for the last 20 years. Brookfield owns both the 777 Tower and the Ernst & Young building, as well as the adjoining Figat7th shopping center.
“Brookfield continues to be an outstanding advisor to Lockton. It is well positioned to not only accommodate our space requirements but to help us realize our vision for a more adaptable, progressive workplace,” says the CEO of Lockton’s Pacific operations Timothy Noonan in a release. “Given the shifting landscape of today’s office use, the flexible, technology-centric design of our new Los Angeles office will foster greater connection, collaboration, and innovation, which are key tenets of Lockton’s entrepreneurial culture.”
JLL Los Angeles' team of Christina Noonan, Tony Morales, and Maureen Hawley represented Lockton in the lease. The landlord, Brookfield Office Properties, was represented in-house by John Barganski, Marin Turney, Rachael Zanetos and Ian Gilbert.
- This Week in Leases Archive (Urbanize LA)