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News release

Los Angeles

Current TV Signs 22,786 Square-Foot Lease at Los Angeles Center Studios

Award winning media company relocates from Hollywood to downtown Los Angeles


LOS ANGELES, January 21, 2010 — Jones Lang LaSalle represented Current TV (CTV) an Emmy® award-winning cross-platform news and information media company, in a lease for a relocation totalling approximately 23,000 square feet of space at Los Angeles Center Studios.  Los Angeles Center Studios is a full-service studio anchoring a constellation of entertainment-related companies on a 20-acre campus just west of downtown Los Angeles.
 
Beginning this month, Current TV will occupy the entire 9th floor as well as ground floor studio space in the studio’s Tower building located at 1201 W. Fifth Street, Los Angeles, CA. The company is relocating from four smaller Hollywood facilities encompassing approximately 18,000 square feet.
 
Gary Horwitz of Jones Lang LaSalle represented Current TV in the four-year lease. Los Angeles Center Studios was represented by Chris Bonbright, John Tronson, and Tom Barich of Ramsey Shilling.

“Current TV was looking to identify a new centralized location with improved facilities which allowed for consolidation of employees from its multiple Los Angeles locations,” said Horwitz.  “The favorable market conditions provided the company an opportunity to relocate to a fantastic environment that offered many attractive studio services, amenities and creative synergies.”
 
Horwitz went on to say that this space was a perfect fit since it was previously occupied by another television network and included much of the needed infrastructure.
 
Current Media is an award-winning multiplatform company dedicated to the in-depth investigation and exploration of the world’s most important, interesting, and entertaining stories. With a fully integrated broadcast and online platform, Current connects its audience with what’s going on in their world through its unique blend of original productions and viewer created media.
 
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 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 more than $37 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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