Lockton relocates downtown LA to create smarter, more collaborative workplace
JLL represents insurance company in 70,000-square-foot lease at 777 S. Figueroa
LOS ANGELES, Oct 19, 2018 – JLL represented Lockton, the world’s largest privately held independent insurance broker, in a new 70,000-square-foot office lease on the top floors at 777 South Figueroa, a 52-story Class A building in Downtown Los Angeles. Lockton’s Pacific operation is relocating in February 2019 after 20 years at Ernst & Young Plaza. During that time, it has grown from 46 associates and annual revenues of $7 million to more than 700 associates, eight offices, and annual revenues topping $185 million.
“Brookfield continues to be an outstanding advisor to Lockton. It is well positioned to not only accommodate our space requirements but to help us realize our vision for a more adaptable, progressive workplace,” says the CEO of Lockton’s Pacific operations Timothy Noonan. “Given the shifting landscape of today’s office use, the flexible, technology-centric design of our new Los Angeles office will foster greater connection, collaboration and innovation, which are key tenets of Lockton’s entrepreneurial culture.”
Designed by Gensler and managed by Anu Rao of JLL's Project and Development Services team, Lockton’s new office atop this iconic office building is an uplifting workplace that welcomes both visitors and associates in an airy and comfortable “Live, Work, Play” environment. Gensler’s innovative design embraces a relaxed, residential style and promotes wellbeing by maximizing access to natural light and spectacular city views. The flexible plan offers a range of huddle rooms, phone rooms and semi-private meeting rooms, providing a variety of spaces to focus, collaborate or socialize. Informal touchdown and breakout spaces are strategically placed along hallways for informal interaction or quiet reflection.
JLL Los Angeles' team of Christina Noonan, Tony Morales and Maureen Hawley represented Lockton in the lease. The landlord, Brookfield Office Properties, was represented in-house by John Barganski, Marin Turney, Rachael Zanetos and Ian Gilbert.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About Lockton
Established in 1996, Lockton’s Pacific operation includes offices in Los Angeles, San Diego, Orange County, San Fernando Valley, San Francisco, Sacramento, Seattle and Portland. Lockton is a global professional services firm with 7,000 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world’s largest privately held, independent insurance broker by helping clients achieve their objectives. For nine consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance.” Lockton has also been named to Forbes’ list of America's Best Employers for the third straight year. For more information about Lockton, visit: www.lockton.com.