June 29th, 2007
Customs Leaving Terminal Island - leasing space from TrizecHahn Corp - Brief Article
The U.S. Customs Service has signed a $63 million lease deal with TrizecHahn Corp. to move its Los Angeles operation from Terminal Island to a Long Beach office tower.
About 350 employees of the Customs agency’s Los Angeles/Long Beach Area Port of Entry will move from the aging Terminal Island Office to the 383,000-square-foot Shoreline Square as a result of the deal, which was signed by the General Services Administration.
The transaction, one of the biggest Long Beach office leases in recent years, includes rent payments that increase at specified dates over the course of the lease term, along with funds slated for customizing the offices.