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INITIATIVE MEDIA WORLDWIDE
5700 Wilshire Blvd.
Los Angeles, CA
140,000 sf

PROJECT TEAM
Dave Toomey
Brian Davies
CresaPartners

CLIENT OBJECTIVES
Consolidate headquarters operations from four buildings into one strategic location. With multiple leases expiring at separate intervals over a two-year period, the client needed a staged occupancy strategy to avoid paying double rent.

RESULT
Identified a building that met financial, cultural, image and operational criteria; negotiated a lease that offered our client 85,000 square feet in year one, with the rights to lease up to an additional 110,000 square feet of contiguous space (at Tenant’s discretion) two years later when its remaining lease expires. The lease enabled the client to consolidate its entire headquarters operations under one roof, in phases thus avoiding several million dollars in double-rent payments.

Additional Assignments (partial list)
3525 Piedmont Road, Atlanta, GA
5 Triad Center, Salt Lake City, UT
500 Sansome, San Francisco, CA
16030 Ventura Blvd., Encino, CA
26555 Evergreen Road, Southfield, MI
550 West C Street, San Diego, CA
6000 Poplar Ave, Memphis, TN
175 Bloor Street East, Toronto, ON
1155 Peachtree Street, Atlanta, GA
310 West Lakeside, Cleveland, OH
3753 Howard Hughes Pkwy, Las Vegas, NV
737 N. Michigan Ave., Chicago, IL
41,000 sf
3,000 sf
27,000 sf
25,000 sf
3,200 sf
6,500 sf
3,500 sf
11,200 sf
8,400 sf
42,000 sf
4,700 sf
14,000 sf
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