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Oil Consortium to Move Staff to Long Beach

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THUMS, an oil company consortium of Mobil, Texaco, Exxon, Union and Shell will establish its corporate headquarters in the Arco Center in downtown Long Beach.

In a 14-year lease transaction valued at $13.5 million, THUMS was represented by Riebro, Long Beach. Norland Properties, the owner of Arco Center, was represented by Coldwell Banker.

The new tenant will move its 200-member staff to the center this spring and will occupy 47,000 square feet on the second, third and fourth floors of the North Tower.

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