Grant Thornton LLP Growing and Relocated To Larger Office Space In City National Plaza

The Los Angeles Grant Thornton LLP office is moving to a larger location in the City National Plaza.

2011-12-21

LOS ANGELES, CA, December 21, 2011 (Press-News.org) The Los Angeles office of Grant Thornton LLP has relocated to a 24,979 square foot office space, taking up an entire floor in the north tower at the City National Plaza complex in the financial district of downtown Los Angeles. The global audit, tax, and advisory services firm is increasing its space significantly to accommodate the growth of its current Los Angeles staff and in anticipation of future expansion in the marketplace.

"We are thrilled to move our office to such a premier location in downtown Los Angeles," said Joel Anik, office managing partner for Grant Thornton's Southern California practice. "With many distinctive options in the area, this culminates an exhaustive search and we are delighted with all that the City National Plaza has to offer."

"Grant Thornton is a respected firm and a great addition to the roster of top companies that have selected to locate at City National Plaza," noted James A. Thomas, chairman and CEO, Thomas Properties Group. "City National Plaza is an iconic property and a stabilized asset in our portfolio at approximately 90 percent leased."

City National Plaza encompasses an entire city block in the Los Angeles central business district. Thomas Properties Group in partnership with the California State Teachers' Retirement System acquired the complex in 2003 and has since completed a $185 million, comprehensive program of renovations and upgrades and enhanced the property's amenities. In 2010, the 38-year-old complex had the distinction of being one of the largest and oldest properties to earn LEED Gold certification. Grant Thornton signed a 10 year lease on the office space.

Designed by A.C. Martin Partners and built in 1972, the buildings are sheathed in forest-green granite and glass. For more than 30 years this property has been a defining feature of LA.'s world-famous skyline. Grant Thornton's new location will be on the seventh floor at 515 S. Flower Street between Figueroa, Fifth and Sixth Streets.
Thomas Properties Group Senior Vice President Kent Handleman represented the company in the lease transaction.

About Grant Thornton LLP
The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd., one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership as each member firm is a separate and distinct legal entity. In the U.S. visit Grant Thornton LLP at http://www.GrantThornton.com.

About Thomas Properties Group
Thomas Properties Group, Inc., based in Los Angeles, is a full-service real estate company that owns, acquires, develops and manages primarily office, as well as mixed-use and residential properties on a nationwide basis. The company's primary areas of focus are the acquisition and ownership of premier properties, both on a consolidated basis and through its strategic joint ventures, property development and redevelopment, and property management and leasing activities. For more information about Thomas Properties Group, Inc., please visit http://www.tpgre.com.

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