C.J. Segerstrom & Sons Appoints Outside Leasing Service for Iconic Office Towers for First Time Since 1990
Cushman & Wakefield, the world’s largest privately‐held commercial real estate services firm, today announced its appointment as exclusive leasing agent for Plaza Tower, Center Tower and Park Tower, a portfolio of iconic office buildings in the world renowned South Coast Plaza complex. Rick Kaplan, Robert Lambert and Matt Moore of Cushman & Wakefield will market the properties and represent the landlord in lease negotiations.
“We are honored to be selected for this project by one of the most respected real estate investment and philanthropic families in the country,” said Joe Vargas, Cushman & Wakefield’s West Region President. “Our global platform, strength of brand and solid foundation are perfectly aligned with the strategies necessary to fulfill this assignment.”
The prominent trio of properties includes Plaza Tower, a 460,852-square foot office building designed by renowned architect Cesar Pelli; Center Tower, a 462,191-square foot office building that features 21-stories of Swedish Napoleon red granite and houses The Center Club, a prestigious dining and meeting facility; and Park Tower, a 17-story 338,070-square foot office building, that was renovated in 2000 by renowned architect Helmut Jahn and offers immediate access to the world renowned South Coast Plaza via the Unity Pedestrian Bridge. Each building is LEED Gold Certified and has a high Energy Star rating.
“The office properties within the complex are an impressive collection, with some of the most prestigious professional firms and tenants in the market,” said Mr. Kaplan, a Vice Chairman in Cushman & Wakefield’s Orange County office. “We look forward to the opportunity to build on that tenant base.”
The properties are owned by affiliates of the Segerstrom family, which has been an integral part of Orange County since moving there more than 100 years ago. The family’s holdings exceed 6 million square feet of retail, office, industrial, entertainment and residential properties, including South Coast Plaza, one of the highest grossing shopping malls in the country. The family has also been involved in multiple philanthropic ventures, including the donation of funds to build Sergestrom Center for the Arts, located in the complex, as well as nearby Sergestrom High School.