Jones Lang LaSalle Completes 17,261-SF Office Lease with TrueCar, Inc. in Santa Monica, CA

SANTA MONICA, CA,  Dec. 13, 2010 — Jones Lang LaSalle represented TrueCar, Inc. in a 17,261-square-foot lease at 120 Broadway (top left photo) in Santa Monica, Calif. 

The new space will be used for 90 employees and provides space for further growth and expansion.  Zag, a TrueCar, Inc. Company, previously occupied approximately 10,000 square feet of space at 525 Broadway in Santa Monica.

The Jones Lang LaSalle team of Managing Director John Ghiselli and Senior Vice President Craig Kish represented TrueCar in the transaction.  The building owner, Douglas Emmett, was represented in-house by Bob Zelkin.

“The current economic conditions and our knowledge of local market dynamics allowed Jones Lang LaSalle to find a building that could accommodate TrueCar’s growth at favorable lease terms,” said Ghiselli.

TrueCar, Inc. is a revolutionary online automotive solutions provider on a mission to change the way cars are bought and sold.

The Company is pioneering the automotive industry’s adoption of transparent pricing by distributing timely and accurate transactional data on what other people actually paid for a particular vehicle locally, regionally and nationally.

Zag private labels its car buying program and technology platform to more than 50 of the nation’s leading affinity brands. 

Contact: David Ebeling, Phone: +1 949 278 7851

 Email:  david@ebelingcomm.com