Cushman & Wakefield represented True Religion Apparel, Inc. in the lease of a 72,246 square foot, free-standing office building, which will serve as the denim clothing manufacturer’s new corporate headquarters. The three-story building is located at 1888 Rosecrans Avenue in Manhattan Beach, CA.
True Religion signed a long-term lease with Continental Development Corporation for the property. Cushman & Wakefield’s Global Portfolio Solutions (GPS) Group – which comprises Executive Vice President John Minervini, Executive Directors Erik Larson and Robin Dodson, and Director Chris Tolles – collaborated with Cushman & Wakefield Executive Vice President Michael DeSantis and Senior Associate John Doyle on the transaction.
The team relocated True Religion’s corporate headquarters from its current location in the City of Vernon to the property in Manhattan Beach.
According to Cushman & Wakefield’s Third Quarter Office Report, leasing total year-to-date of 1.2 million square feet in the South Bay office market is up 6.5% from the same period a year ago.