EL SEGUNDO, CA-Satellite television provider DirecTV has signed a new five-year lease with Boston-based Newkirk Realty Trust for 205,000 sf of headquarters space. The deal starts in January 2009 at $2.74 million per year, with 2% annual increases, or a total of nearly $13.5 million over the five-year term of the lease.
DirecTV now occupies its headquarters at 2230 E. Imperial Hwy. as a subtenant of Raytheon. The new lease is a direct deal with Newkirk Realty Trust, which represented itself, with DirecTV represented by Grafton Tanquary of the South Bay office of CB Richard Ellis.
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