LOS ANGELES, CA — Jones Lang LaSalle announced that Republic Indemnity Company of America, a major workers’ compensation insurance carrier, has commenced the new lease term for its 56,601 square foot lease renewal at the 418,432 square-foot Class A Encino Terrace (top left photo) , located at 15821 Ventura Boulevard in Encino, California.
Jones Lang LaSalle Managing Directors Alan Aufhammer and Tony Morales, and Executive Vice President Tony Acerra represented Republic Indemnity in the transaction. The 10-year lease was executed with building owner Douglas Emmett, represented in-house by David Hitzel.
”Republic Indemnity has had its Los Angeles corporate offices at Encino Terrace for over 20 years,” said Aufhammer.
“After months of evaluating and thoroughly searching locations throughout the San Fernando Valley, we were able to assist Republic Indemnity in achieving cost saving solutions and funding for improvements to its space, while securing a long-term renewal in their current location,” said Aufhammer.
Encino Terrace is a six-story office building that extends the length of a full city block and is conveniently located near the San Diego and Ventura Freeways. The building is walking distance to an array of retail shops and restaurants, including the Sherman Oaks Galleria.Contact: David Ebeling, Ebeling Communications, 949.278.7851, david@ebelingcomm.com
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