LOS ANGELES, Jan. 18 /PRNewswire-FirstCall/ -- Comerica Bank today announced the opening of its Southern California headquarters in the heart of Century City. The bank is one of the anchor tenants at the new "2000 Avenue of the Stars" building, adjacent to the landmark Century Plaza Towers.
"This move to one of the most prestigious addresses on Los Angeles' Westside enhances our business capabilities and signifies our growing presence in and commitment to Los Angeles County and Southern California," said Michael Fulton, President and Chief Executive Officer of Comerica Bank's Western Market. "The Century Park location gives our customers in the entertainment industry and in the growing Century City area improved access to our banking services."
The Century City building is the administrative center for Southern California regional president David White, the national office for the bank's Entertainment group, and houses offices for its Wealth & Institutional Management, Commercial Real Estate, Small Business, Technology & Life Sciences, and International Finance division. The Western Market main office for the Detroit-based bank is in San Jose.
Comerica Bank's second-floor office suites and first-floor banking center are in the north tower of the striking, all-glass twin-tower 12-story building. With its dramatic geometric profile of stainless steel and sky blue glass walls, 2000 Avenue of the Stars signals a renaissance for this prestigious super block destination known as Century Park, former site of the ABC Entertainment Center and the famous Shubert Theater.
"This new location, in the heart of the entertainment industry and the Los Angeles business community, is the ideal place to serve our customers and grow our business," said Fulton.
The Century City banking center scheduled to open this spring will continue an expansion in Los Angeles that has accelerated in the past year. Comerica Bank now has 32 banking centers in Southern California, including 16 in Los Angeles County. Since early 2004, Comerica Bank has grown statewide from 41 banking centers to 70, with at least another 10 expected to be opened in California this year.
Brad Cox, vice president with CB Richard Ellis, stated: "We are proud to have Comerica Bank, one of the nation's leading financial services firms, at 2000 Avenue of the Stars. The bank is a leader in the Los Angeles business community and is a strong addition to our tenant roster. The bank will provide outstanding value to the project's tenants and the community-at- large."
Other tenants at 2000 Avenue of the Stars include Creative Artists Agency, the largest talent agency in the world, plus law firms and seven restaurants, including Craft. The 2000 Avenue of the Stars project is located on the site of a popular landmark, The Shubert Theatre, host of many movie premieres, and a large shopping mall, which were demolished in 2002. The site also is the former back lot of 20th Century Fox Studios where movie westerns were filmed 75 years ago. It is near West Los Angeles, Westwood and UCLA.
About Comerica Bank
Comerica Bank -Western Market includes 75 banking centers in two states, California and Arizona: 70 in the key California markets of San Francisco and the East Bay, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, and Santa Cruz/Monterey; also, five banking centers in greater Phoenix, Ariz. In the third quarter of 2006, the Western Market generated 29 percent of the net income for Comerica Incorporated, on approximately $16.6 billion in assets at Sept. 30, 2006. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit and among the 25 largest U.S. banking companies, with $58.5 billion in assets at Sept. 30, 2006. For more information, visit http://www.comerica.com/.
About 2000 Avenue of the Stars:
2000 Avenue of the Stars is located at Century Park, the premier office, dining and community-gathering destination in the heart of Century City, California. The 790,000-square foot development consists of a 12-story, Class "A" office building, destination dining, a promenade of cafes, a cultural center and a 4-acre lushly landscaped grand park. Designed by the internationally renowned firm, Gensler Architects, 2000 Avenue of the Stars stands on the site of the former ABC Entertainment Center adjacent to the landmark Century Plaza Towers. CB Richard Ellis is the developer, project manager and leasing agent for 2000 Avenue of the Stars. Hathaway Dinwiddie is the general contractor.
Contact: Alfredo Padilla, Los Angeles email@example.com 310-297-3093 Barry Holtzclaw, San Jose firstname.lastname@example.org 408-556-5111Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO
SOURCE: Comerica Bank
CONTACT: Alfredo Padilla, Los Angeles, email@example.com, or
+1-310-297-3093, or Barry Holtzclaw, San Jose, firstname.lastname@example.org, or
+1-408-556-5111, both of Comerica Bank
Web site: http://www.comerica.com/