Terms of the three-year agreement will give Shandwick USA anadditional 5,927 sf at 1888 Century Park East, raising its totalsquare footage in the high-rise to 40,062. Shandwick USA is part ofInterpublic Group of Cos., the New York-based advertising andmarketing-services conglomerate.
Shandwick USA was represented by Steven Kolsky, principal in theLA office of Newmark & Co. Real Estate Inc., and Scott Panzer,principal in Newmark's New York office. Mickey Isen, managingdirector at Beverly Hills-based Kennedy Wilson International,represented landlord Bental 1888 LLC.
"Shandwick needed the expansion space to accommodate employeesfrom a recent acquisition," says Kolsky. "Newmark negotiated abuy-out of an existing lease with another tenant in the building inorder for Shandwick to make room for these employees."
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