Sitmar Signs Major Lease

Sitmar Cruises has signed a 15-year lease valued at $22 million in what is being called “the largest single lease to be signed in the 26-year history of Century City.”

A tenant in the Century City North Office Building for more than 10 years, Sitmar will occupy the entire 18th and 19th floors plus half of the 17th floor for its expanded, 60,000-square-foot corporate headquarters.

Cushman & Wakefield represented Sitmar, and Lake Shore Management Inc., an affiliate of JMB Property Management Corp., represented JMB Property Management, the building’s owner.