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WOODLAND HILLS, CALIF., Oct. 29, 2012 — Jones Lang LaSalle announced today that LNR Property LLC has completed a new lease with Activision for 46,701 square feet of office space at LNR Warner Center IV, a two-building, 509,923-square-foot Class A office complex located at 21215 and 21255 Burbank Blvd. in Woodland Hills, Calif. Activision is relocating from Encino.
Jones Lang LaSalle Los Angeles' Dan Sanchez represented the landlord, LNR, which developed the building in 2008. Activision was represented by Matthew Miller of CRESA.
“This deal represents significant positive absorption for Woodland Hills," said Sanchez.
Located one block north of the Ventura (101) Freeway, LNR Warner Center IV has large, efficient floor plates and offers the most efficient buildings in the market. It also features unmatched visibility and convenient access to a deep and highly skilled labor pool, numerous dining and entertainment venues and an outstanding array of amenities, both on-site and within the immediate vicinity. More information can be found at www.lnrwarnercenter.com.
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LNR Property LLC is a market leader in commercial real estate finance, management and development, with established expertise and demonstrated capability in the investment, management and servicing of commercial real estate assets, secured real estate loans and loan pools. LNR is headquartered in Miami Beach, Florida. LNR's Commercial Property Group is focused on creating value by acquiring, developing, repositioning, managing and selling interests in commercial and multi-family real estate, including land. LNR's Real Estate Financing and Servicing Group focuses on LNR's loan and loan securities businesses and is one of the nation's leading buyers of non-investment grade and unrated commercial mortgage backed securities ("CMBS"), and is the leading special servicer in the U.S. For more information on the Commercial Property Group, please visit us at www.LNRcpg.com or contact us at (305) 695-5426.
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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