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News release

Huntington Beach, CA.

Jones Lang LaSalle Completes Office Lease Extension for Health Net in Huntington Beach


HUNTINGTON BEACH, Calif., Mar. 9, 2011 — Jones Lang LaSalle represented Health Net in a five-year lease extension at 7755 Center Avenue, a 193,000-square-foot, Class A office building located within The Towers of Bella Terra in Huntington Beach.

Jones Lang LaSalle Executive Vice President Wade Clark, in conjunction with Cara Trani and Jason Goff from Jones Lang LaSalle’s Sacramento office, represented Health Net in the transaction.  The property owner, Bella Terra Office JV, LLC, was represented by Rich Essen of Orion Property Partners.

“We were able to secure an extended lease for Health Net within their current building allowing it to maximize spatial efficiencies and take advantage of the current market conditions,” said Clark.

About Health Net

Health Net, Inc. is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. The company provides health benefits to approximately 6.0 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, Department of Defense, including TRICARE, and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, Managed Health Network, Inc., provides behavioral health, substance abuse and employee assistance programs to approximately 5.4 million individuals, including Health Net’s own health plan members. The company’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs. 

For more information on Health Net, Inc., please visit the company’s website at www.healthnet.com.

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 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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