Insurance Firm Leases Floors in Wilshire Building
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The Los Angeles office of Chubb & Son Inc., a national insurance company, has leased 80,000 square feet of space in the new 6500 Wilshire office building for 10 years in a transaction valued at $20 million.
Cushman & Wakefield’s New York and Los Angeles offices represented both parties in the transaction. The $100-million, 23-story building was developed by Cadillac Fairview Urban Development Co., a Los Angeles-based subsidiary of Toronto-based Cadillac Fairview Corp.
Chubb has been granted exclusive parapet building signage and will use the space in the sixth through ninth floors as its Southern California regional headquarters.
