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LOS ANGELES-The parent of telecommunications giant Sprint PCS has signed a lease valued at nearly $1.2 million to open a new “superstore” here.

Terms of the five-year agreement will provide Sprint Spectrum LP with 7,434 sf of retail space at 364 S. La Cienega Blvd. The two-story building is across the street from the Beverly Center shopping complex.

Kansas City-based Sprint Spectrum is the parent of Sprint PCS, perhaps best known as one of the nation’s largest providers of cell phones and related equipment. Its new store is expected to open early next year.

Brian Luft of NAI Capital Commercial’s West LA office, working with Jeff Berg of Cohen Esrey/NAI in Kansas City, represented Sprint Spectrum. Marc Pollock and Neal Golub of CB Richard Ellis represented the landlord, Estelle R. Soicher.

Broker Luft, who has represented Sprint in several other lease deals, tells GlobeSt.com that he’s working to secure additional retail outlets for the company across the LA Basin.

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