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Foley & Lardner Expands Los Angeles Downtown

  Law Firm News  -   POSTED: 2007/03/20 08:23



The law firm of Foley & Lardner has signed a 10-year, $18-million lease for nearly 53,000 sf at City National Plaza in an expansion from the law firm's existing offices in Century City, according to Jones Lang LaSalle. Foley & Lardner will occupy space on the 35th and 36th floors of the office tower at 555 S. Flower St.
Jones Lang LaSalle managing directors Lisa St. John and Peter Best, who represented the law firm, note that the addition of the downtown office brings the firm’s worldwide office total to 20 with seven offices in California. Foley has 70 attorneys practicing in Los Angeles, where the firm has had a presence since 1996.

According to Ralf Boer, chairman and CEO of Foley & Lardner, the company sought a downtown location for the expansion of its corporate and litigation practices and felt that the downtown location would serve that purpose well “particularly in light of the area’s tremendous growth and importance as a hub to the business and legal communities.” Boer explains that the firm's Century City office “continues to flourish” and is of strategic importance to the growth of its intellectual property and entertainment industry practices.
 
City National Plaza encompasses an entire city block in the financial district of the Los Angeles Central Business District. Originally completed in 1972 as the world headquarters for Atlantic Richfield and the Southern California Headquarters for Bank of America, City National Plaza consists of two 51-story office towers, one plaza level building and four subterranean levels. The towers are owned by locally based Thomas Properties Group, which was represented in-house by Kent Handleman in the Foley lease.

http://www.foley.com


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