SCPIE Holdings Leases Century City Offices

SCPIE Holdings Inc., a professional liability insurance company specializing in the health-care industry, signed a 10-year, $27-million lease for 95,000 square feet at 1888 Century Park East in Century City.

Anthony C. Gatti, a Cushman & Wakefield broker who represented SCPIE along with Erik Van’t Hof of Industrial Commercial Properties Inc., said the lease is the largest this year in Century City.

Gatti said SCPIE plans to move in to the new space in early 1999, relocating its corporate headquarters from Beverly Hills. Mark McCaslin of McCaslin Co., along with Mickey Isen and John Prabhu of Kennedy Wilson Properties Ltd., represented the landlord in the transaction.