Insurance Firm Leases Floors in Wilshire Building

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.