11/10/2012<< Back to Facilities Management Press Releases Home
Time Warner Cable Grows By 25 Percent In Lease Expansion And Renewal At Cerritos Towne Center
IRVINE, CA – Transwestern has announced the completion of a five-year lease agreement between Arden Realty, Inc. and Time Warner Cable. The cable provider will be expanding its existing space by 25 percent for a total of more than 52,500 square feet of administrative and sales offices at 17777 Center Court Drive in the Cerritos Towne Center in Cerritos, Calif. Time Warner is extending and expanding its current lease for its operations in the premier shopping, dining and entertainment destination.
“With the expansion of Time Warner Cable and several other recent transactions, 17777 Center Court Drive is now 91 percent leased,” said Liz Hurley, the managing senior vice president for Transwestern who represented the landlord, Arden Realty, a GE Capital Real Estate company. “The leasing velocity at this location continues to outpace the regional market due to a proactive leasing team, the outstanding service Arden delivers to its tenants and the fact that Towne Center is an appealing destination for a variety of businesses.”
The building is co-listed by Hurley and Tom Sheets of Cushman & Wakefield. Time Warner Cable was represented by Paul Park of Jones Lang LaSalle.
Located on the southeast corner of Artesia Boulevard and Bloomfield Avenue, just south of Highway 91, Cerritos Towne Center is a mixed-use retail and office destination with multiple Class A office buildings and numerous major retail tenants, including Trader Joe’s, Office Max, Ross Dress for Less, Petco and Walmart, as well as approximately 15 restaurants, such as Romano’s Macaroni Grill, Tapioca Express and Yasai Japanese Grill. Opened in the early 1990s, Towne Center offers expansive parking and is located near the world-class Cerritos Center for the Performing Arts, a Sheraton Hotel and City Hall.
Founded in 1996, Arden Realty is a national commercial real estate landlord that prides itself on innovation, sustainable solutions and accountability. Nationally recognized for a commitment to energy conservation, efficiency and sustainability, Arden has a portfolio in excess of 14 million square feet and 164 office buildings in major markets.
Transwestern is a privately held operating company specializing in commercial real estate services, investment and development. The firm’s fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts. Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.
Please visit www.transwestern.net or follow us on Twitter at @Transwestern.