According to Annie Kodak, SVP and asset director with INGClarion, the company wanted to differentiate the 22-story towerfrom its competitors. "Most of the office properties in theGlendale market are known solely by their address," Kodakexplains.

The Lexington name is a combination of two winning entries fromcontestants Robert Pearson of Transwestern and Alexander Wadley ofLee & Associates, both of whom received gift certificates. INGunveiled the winning name during an on-site lunch that it sponsoredfor brokers who participated in the contest.

ING Clarion bought the building from GE Pension Trust for $140million in March 2006 as part of an expansion effort now under wayto increase its investment portfolio throughout the Western US. Aspart of the expansion, the company has opened a new regionalheadquarters in Los Angeles and staffed it with senior levelindustry professionals.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.