Done Deals: Nov 19, 2024

Tuesday, November 19, 2024

In one of largest law firm leases in Orange County in 2024, JLL and CBRE represented Snell & Wilmer L.L.P. in a 57,326 SF lease at Plaza Tower in Costa Mesa, CA

Plaza Tower, a Class A, 21-story, 460,000-SF
office building located at 600 Anton Boulevard
in Costa Mesa, CA

COSTA MESA, CA – Affirming its commitment to Orange County, California, Snell & Wilmer and JLL announced the law firm entered into a new lease for 57,326 square feet across three floors of office space at Plaza Tower, a Class A, 21-story, 460,000-square-foot office building located at 600 Anton Boulevard in Costa Mesa, California.

Cesar Pelli

Plaza Tower is an iconic building with a distinctive stainless-steel façade designed by internationally renowned architect Cesar Pelli.

The lease, one of the largest for a law firm in the county in 2024, represents an expansion of Snell & Wilmer’s Orange County office to accommodate over 70 lawyers and coincides with the firm’s 35^th anniversary in the County. The length and estimated value of the lease was not disclosed.

Established in 1989, Snell & Wilmer’s Orange County Office has continued to grow, expand its service offerings, and remain committed to serving clients in Southern California and beyond.

Jon Frank

“Our firm wanted to remain in this location because we value our 20-year relationship with the Segerstrom family, and the quality of the greater South Coast Plaza area and the building itself,” said Jon Frank, Snell & Wilmer Partner.

“We have a great, collaborative culture at Snell & Wilmer, and we will be making a significant investment and upgrade to our space in order to enhance the office experience for our outstanding attorneys and professional and administrative staff.”

Eric Pezold, managing partner of Snell & Wilmer’s Orange County office, added, “Renewing our lease in this location underscores our commitment to both our clients and the community we serve.

Eric Pezold

This region has been instrumental in our firm’s success, and as we look to the future, we anticipate continued growth and expansion in response to the needs of our clients and the evolving legal landscape.

"Our presence here enables us to attract top talent and reinforces our role as a leading law firm in the region.”

JLL’s Kevin Bender along with Charles Nixon of CBRE’s Phoenix office represented Snell & Wilmer in the lease. The landlord, 600 Anton Boulevard Associates, was represented by Robert Lambert and Rick Kaplan of Cushman & Wakefield.

“We continue to see firms evaluate and execute on creating a new environment for their partners, attorneys and employees using culture and office space to attract and retain employees,” said Bender, JLL Executive Managing Director. “Each firm is unique when it comes to size, design and amenities in their space.”

Kevin Bender

According to JLL’s Q3 Orange County Office Insight Report, “leasing volume increased 5% quarter-over-quarter in the quarter, exceeding the trailing five-year quarterly average by 2%.”