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11/10/14
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In a recent lease comp from LA’s South Bay region, True Religion Apparel Inc signed a long-term deal for a 72.2k sf, free-standing office building in Manhattan Beach, which will serve as the denim clothing manufacturer’s new corporate headquarters. True Religion is relocating from its current location in the city of Vernon
The three-story building is located at 1888 Rosecrans Ave, at the intersection with Aviation Blvd. The property is owned by Continental Development Corporation.
Cushman & Wakefield’s Global Portfolio Solutions (GPS) Group – which comprises Executive Director John Minervini, Senior Directors Erik Larson and Robin Dodson, and Associate Director Chris Tolles – collaborated with Cushman & Wakefield Executive Vice President Michael DeSantis and Senior Associate John Doyle on the transaction. C&W’s Senior Project Manager Nasim Yalpani will oversee True Religion’s build-out at its new headquarters.
According to Cushman & Wakefield’s Third Quarter Office Report, leasing total year-to-date of 1.2 msf in the South Bay office market is up 6.5% from the same period a year ago.
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