X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Hertz Corp., the nation’s largest rental-car company, has signed a 10-year lease valued at $3.5 million for 20,000 sf of office space in the Airport Corridor.

The space is inside Airport Center, 6151 W. Century Blvd, just a few blocks from Los Angeles International Airport and the rental car company’s vast rental parking lot. Cresa Partners represented Hertz in the lease negotiations. PM Realty Group repped the owners, a partnership of GE Capital and Jupiter Realty.

The area around LAX has seen a flurry of leasing and investment activity recently, as users look for less-expensive alternatives to nearby Santa Monica, Century City, Culver City, Westwood and other Westside submarkets. Many owners in the Airport Area have also launched big renovation projects, which have attracted even more tenants.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.