Newmark announces the successful signing of a 24,590-square-foot office lease on behalf of national law firm, Thompson Coburn LLP. The firm is currently located at 2029 Century Park E. and plans to move to its new location, 10100 Santa Monica Boulevard in Century City, in June 2021.
Newmark’s Executive Managing Director Steve Kolsky and Managing Director Ron Burkhardt represented the St. Louis-based tenant in the transaction. Gillian Sutton and Jennifer Fishkin of Newmark’s Project Management team as well as Melony Bethala and Diane Ruff of Newmark’s Global Corporate Services team played a significant role in workplace strategy.
“We evaluated multiple opportunities on behalf of Thompson Coburn and found this to be the perfect location that met their space needs and aligned with the company’s overall growth trajectory,” said Kolsky. “This dynamic building with views of the golf course and proximity to several amenities will serve as an ideal workspace for the firm.”
Burkhardt added, “Thompson Coburn is one of the most prominent law firms in the country, and we are pleased to have played a part in their move to a new Los Angeles space. This was truly a team effort and a prime example of utilizing our firm’s complete service lines to deliver a successful project.”
10100 Santa Monica, known as 10100, is a Class A, twenty-six story, 640,095-square-foot building constructed in 1971. Thompson Coburn will occupy the entire 5th floor. The space is newly built out to accommodate the growth of the firm’s Los Angeles employee base and meet its office space needs. 10100 is on the north end of Century City and presents sweeping views of Downtown LA, Hollywood Hills and the Pacific Ocean.
According to Newmark Research, talent agencies, law firms, marketing companies and post-production bolstered much of the Los Angeles office market in the third quarter as most businesses are in a holding pattern until the county reaches Tier 3 designation under Governor Newsom’s four-tiered system. West Los Angeles continues to see record high rental rates, but with landlords still in a phase of price discovery, rents will likely begin to trend down. The Westside saw a rise in vacancy rates with the largest absorption hit in the region and leads the region in sublease availability.
About Thompson Coburn LLP
Thompson Coburn is a full-service law firm with 370 attorneys practicing in more than 50 areas of law, with offices in Chicago, Dallas, Washington, D.C., Los Angeles, St. Louis and Southern Illinois. In 2019, the firm was recognized by the Association of Corporate Counsel as an ACC Value Champion, an international honor that recognizes “best-in-class” innovations that drive value and dramatically improve efficiencies within corporate law departments. Thompson Coburn is one of just 100 firms in the country that have been certified under the Mansfield Rule 3.0, a national initiative to increase the representation of diverse lawyers in law firm leadership. The Firm has also received the Minority Corporate Counsel Association’s George B. Vashon Innovator Award (2019) for making extraordinary strides to support diverse attorneys.
About Newmark Group, Inc. (NASDAQ: NMRK)
Newmark Group, Inc. is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology and industry expertise, Newmark brings ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark Group, Inc. generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark.
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