JLL represented Worldwide Facilities in a 23,389-square-foot lease renewal for its headquarters at Ernst & Young Plaza, a Class A, 41-story 915,316-square foot office building located at 725 S. Figueroa Street in downtown Los Angeles. Worldwide Facilities will remodel and modernize the space to make it more efficient for its team.
JLL's Darren Eades, Tony Morales and Maureen Hawley represented Worldwide Facilities. The landlord, Brookfield Office Properties, was represented in-house by James Malone.
"After an extensive review of top properties in the downtown area with our real estate partner JLL, we decided to stay in our current location because of the economics, location and extraordinary service from Brookfield," said Davis Moore, CEO of Worldwide Facilities. "We plan to modernize our space by updating its overall appearance, making it more efficient based on our needs today, and creating an even more enticing work environment for our employees and guests."
"It is important for companies to evaluate their real estate on a regular basis because it plays a key role in efficiency, employee recruitment and retention, and overall economics of a business," said Eades. "Worldwide Facilities was able to position their firm for current and future growth while managing costs.
Worldwide Facilities is a national wholesale insurance broker and managing general agent that has been in business since 1970. Its seasoned brokers and underwriters are industry leaders in providing expertise in a wide range of specialty lines, and offer extensive contacts with carriers domestically and overseas.