The Staubach Company Represents Guitar Center in the Renewal of Their 69,000 Square Feet Corporate Headquarters
09 Juli 2007 - 4:30PM
PR Newswire (US)
Guitar Center Works With the Leading Tenant-Only Representation
Firm to Renew its Westlake Village Lease LOS ANGELES, July 9
/PRNewswire/ -- Staubach, Los Angeles, a leading global real estate
advisory firm, has represented Guitar Center, Inc. (NASDAQ: GTRC),
in renewing the lease for its Westlake Village corporate
headquarters. The 69,000 square foot building is located at 5795
Lindero Canyon Road. The new long term lease is valued at
approximately $9 million. "Guitar Center's new building combined
with an adjacent facility owned by the company provides a
campus-like headquarters setting for the company that ideally will
accommodate the company's long term growth," said Gary Horwitz,
principal, Staubach's Los Angeles Region. Gary Horwitz led the
Staubach team and the Landlord, 5795 Lindero Canyon, L.P.
represented itself on the transaction. About The Staubach Company
The Staubach Company (http://www.staubach.com/) is a market leading
global real estate advisory firm that delivers cost-effective
solutions for the users of office, industrial and retail space. For
three decades Staubach has focused on providing strategic and
advisory consulting, transaction management, lease and contract
negotiation, research, construction consulting/project management,
lease administration, portfolio strategy, business and economic
incentives, capital and financial solutions and relocation
consulting. Almost 1,500 people in 68 offices throughout the
Americas represent Staubach's 2,850 clients. Staubach completed
6,750 transactions totaling $26 billion and 835 million square feet
during the fiscal year ending June 2006. Worldwide, the DTZ
Staubach Tie Leung alliance has 12,000 professionals delivering
services and solutions to multinational clients. About Guitar
Center Guitar Center is the leading United States retailer of
guitars, amplifiers, percussion instruments, keyboards and
pro-audio and recording equipment. Our retail store subsidiary
presently operates more than 210 Guitar Center stores across the
United States. In addition, our Music & Arts division operates
more than 95 stores specializing in band instruments for sale and
rental, serving teachers, band directors, college professors and
students. We are also the largest direct response retailer of
musical instruments in the United States through our wholly owned
subsidiary, Musician's Friend, Inc., and its catalogs and websites,
including http://www.musiciansfriend.com/,
http://www.guitarcenter.com/, http://www.wwbw.com/ and
http://www.music123.com/. More information on Guitar Center can be
found by visiting the Company's web site at
http://www.guitarcenter.com/. DATASOURCE: The Staubach Company
CONTACT: Amy Goldsmith of GK Communications, +1-310-440-0646, ; or
Daryn Teague, +1-661-297-5292, , both for The Staubach Company Web
site: http://www.staubach.com/ http://www.guitarcenter.com/
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