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EL SEGUNDO, CALIF., Sept. 5, 2012 — Jones Lang LaSalle represented Wpromote, Inc. in a new lease for 21,335 square feet of office space at 1700 E. Walnut Ave. in El Segundo, Calif. Wpromote, Inc. had been subleasing the space which serves as its corporate headquarters.
Jones Lang LaSalle Los Angeles team members Eric Adams and Steve Solomon represented Wpromote, Inc.. Jones Lang LaSalle's Chris Strickfaden represented the landlord, USAA Real Estate Company.
“After a comprehensive market analysis, Wpromote, Inc. decided that remaining in its sublease space on a direct basis was the best option because the space was already built out for a tech company,” said Adams. “Despite improving market conditions, Jones Lang LaSalle was able to negotiate favorable terms for Wpromote, Inc. including building top signage."
"The entire team at Wpromote, Inc. could not be more thrilled with the experience and results of our recent long-term deal in El Segundo," said Michael Mothner, Wpromote, Inc. Founder and Chief Executive Officer. "As a rapidly growing company, finding the right deal in the right building is complex and dynamic. Jones Lang LaSalle deftly navigated a rapidly changing market and our significant needs to land us in the deal that will take us to the next level."
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About Wpromote, Inc.Wpromote, Inc. is an award-winning online advertising firm headquartered in El Segundo, CA. Founded in 2001 by Michael Mothner, Wpromote, Inc. has helped over 37,000 clients grow their businesses online. With unmatched experience in search marketing and an unrivaled dedication to our clients' results, we always stand out above the crowd. The 70+ employees at Wpromote, Inc. currently manage more than 3,500 clients spanning a wide range of industries and verticals in over 60 countries worldwide. A few integrated search engine marketing clients include Bayer HealthCare, Vans, Toyota, Allied Van Lines, HP, Southern California Edison, Symantec, Fisher-Price and Universal Music Group.
About Jones Lang LaSalleJones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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