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SANTA ANA, CALIF., Aug. 29, 2012 — Jones Lang LaSalle represented Corinthian Colleges, Inc. in a lease renewal for 163,734 square feet of office space in Griffin Towers located at 5 & 6 Hutton Centre Dr. in Santa Ana, Calif.. Corinthian Colleges will continue to occupy the space for its corporate headquarters.
Jones Lang LaSalle Orange County team members Ronda Clark, Ryan Hawkins and Joe Bevan represented Corinthian Colleges. The landlord, Lincoln Property Company, was represented in-house by Kevin Hayes, Jr.
“After a comprehensive market analysis, Corinthian Colleges decided that remaining in its existing space was the best long-term solution for the company,” said Clark. “Despite improving market conditions and limited supply of large contiguous blocks of space, Jones Lang LaSalle was able to help Corinthian achieve favorable terms including a reduction in rent, early termination and expansion options, a tenant improvement allowance to enhance existing space and parking abatement."
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About Jones Lang LaSalle
Jones 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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