Australian shopping center giant Westfield, which owns some of the largest shopping centers in Southern California, will move its U.S. headquarters to Century City.
Westfield US will rent 81,124 square feet in one of the Century Plaza Towers, the twin 44-story skyscrapers in the heart of Century City near the Hyatt Regency Century Plaza hotel, real estate brokerage CBRE Group Inc. said.
Westfield will move in May from Brentwood, where it has had offices in Wells Fargo Center for a decade, according to real estate data provider CoStar.
The Century Plaza Towers are owned by institutional investors advised by J.P. Morgan Asset Management. Terms of the Westfield lease were not disclosed, but the landlord is asking for nearly $3 per square foot per month, CoStar said.
Westfield owns Westfield Century City mall and is also planning a residential development in Century City.