Ad agency renews SoCal lease

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Grubb & Ellis Co. announced that Saatchi & Saatchi North America, a New York-based advertising agency, has renewed its lease for 108,000 square feet of office space at Del Amo Center in Torrance, Calif. The consideration of the 15-year lease was not disclosed, according to a press statement. Saatchi & Saatchi occupies the majority of the five-story, class A office building, which is located at 3501 Sepulveda Blvd. The firm has been in the building since 1985. Virginia-based Del Amo Fashion Center Operating Company owns the property. Los Angeles-based Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide. ...