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News release

EL SEGUNDO, CA

Kite Pharma Signs 43,576 SF Office Lease at Creative Office Campus in El Segundo

JLL complete deal with company expanding from Santa Monica


EL SEGUNDO, CALIF., Mar. 9, 2015 — JLL announced today that it has completed a 43,576-square-foot lease with Kite Pharma (NYSE: KITE) for its new research and development facility at Utah Avenue Campus, a 195,680-square-foot Class A creative-style office campus in El Segundo, California. Kite Pharma will expand from Santa Monica and occupy the entire building at 2355 Utah Avenue.

Acquired by NSB Associates in 2008, Utah Avenue Campus was redeveloped into a premier creative office campus featuring two single story buildings with 17-foot ceilings; skylights, and glass panel walls throughout for abundant natural light; expansive usable outdoor patio space throughout the site; and abundant parking.  The campus is located in close proximity to Rosecrans and Plaza El Segundo retail amenities, within walking distance to MTA Green Line and minutes from the Los Angeles International Airport.  Previously, the campus served as a light manufacturing and research and development facility for Xerox.

JLL Los Angeles' team members Mike McRoskey, Frank Scott, Blake Searles and Evan Moran handle the leasing at Utah Avenue Campus and represented NSB Associates. Kite Pharma was represented by CBRE.

"The South Bay and specifically El Segundo continues to grow as one of the hottest Los Angeles submarkets for expanding businesses," said McRoskey. "Kite Pharma was attracted to the property because it provides them a campus style environment, with the flexibility for growth on-site."

McRoskey went on to say that "El Segundo has positioned itself as a creative office hub at a relative bargain compared to several submarkets in West Los Angeles."

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About NSB
NSB Associates, Inc., based in Beverly Hills, is a real estate development and investment firm that since 1968 has built a diversified portfolio of quality assets generally located in the Southern California area. NSB combines skills in all aspects of the real estate business with an entrepreneurial philosophy, resulting in the company's outstanding record of growth. While active in all major asset categories, NSB specializes in the development and value enhancement of industrial/warehouse, office and retail properties located in major metropolitan areas. For further information, visit www.NSBInc.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​