Insurance brokerage firm Lockton has recently signed a lease for 70,000 square feet of Los Angeles office space at 777 South Figueroa Street. The company plans to relocate from its current offices at the Ernst & Young Plaza in February next year.
The 52-story building known as the 777 Tower boasts a LEED Gold certification and comes with amenities like EV charging stations, bike parking and valet services. Moreover, it is adjacent to the open-air shopping mall FIGat7th, which hosts plenty of restaurants and coffee shops.
Lockton will be moving to the 41st, 48th, 49th and 52nd floors of the office tower. Designed by Gensler, their new regional headquarters will feature an open-space layout for more flexibility. Phone rooms and areas meant to encourage quiet reflection will also be available.
The insurance company is leaving the Ernst & Young Plaza, where it’s been for the last 20 years. Both buildings, as well as FIGat7th, are owned by Brookfield Office Properties.
JLL’s Christina Noonan, Tony Morales and Maureen Hawley acted on behalf of the tenant in the deal. Brookfield was represented by an in-house team consisting of John Barganski, Marin Turney, Rachael Zanetos and Ian Gilbert.
“Given the shifting landscape of today’s office use, the flexible, technology-centric design of our new Los Angeles office will foster greater connection, collaboration, and innovation, which are key tenets of Lockton’s entrepreneurial culture,” said Timothy Noonan, CEO of Lockton’s Pacific Operations.