CORFAC News

Los Angeles, CA (September 24, 2013) – The Klabin Company/CORFAC International of Los Angeles CA and TRI Commercial/CORFAC International in San Francisco represented NRG Energy Corp. in a 5,568-square-foot lease of creative office space in Los Angeles, announced CORFAC International President Bill Hawkins, SIOR. Hawkins is also a principal of the Chas. Hawkins Co./CORFAC International in Nashville TN.

Doug Marshall, SIOR and a principal with Klabin/CORFAC in LA completed the transaction after Anton Qiu and Jean Ko from TRI/CORFAC referred their client, NRG, to Marshall to facilitate the Fortune 500 and S&P 500 company’s first office in Los Angeles. NRG is traded on the New York Stock Exchange under the symbol, NRG.

NRG’s new LA location is at 11290 Olympic Blvd. with convenient access to freeways and light rail service. The building is owned by Cahill Group and the lease is for 60 months. Financial terms of the transaction were not disclosed.

The creative space has concrete floors, an exposed concrete ceiling, rigid HVAC ducting and an open space plan with a glass conference room, according to Marshall. NRG plans to add numerous electric vehicle charging stations to the property, he added.

NRG is one of the country’s largest power generation and retail electricity businesses. Its power plants provide about 47,000 megawatts of generation capacity while its retail and thermal subsidiaries serve more than 2 million customers in 16 states. The company also owns and operates numerous subsidiary companies that are all associated with the energy industry, including eVgo, which is the nation’s first comprehensive, privately funded electric vehicle infrastructure of home charging stations and public fast charging stations, ensuring that EV drivers have complete confidence they will never run out of power on the go. NRG Energy has two headquarters facilities – in Princeton NJ and Houston TX.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.  In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged over 9600 completed transactions annually totaling more than 513 million square feet worth an excess of $5.95 billion for their customers. For more information on the CORFAC network, contact 703.532.6160 or visit www.corfac.com.