Herbalife Moving to Downtown LA
Herbalife Ltd. said Wednesday that it would move its U.S. headquarters to downtown Los Angeles from Century City in 2008, giving a boost to downtown and the L.A. Live project.
The maker of nutritional supplements and weight management products will be one of the anchor tenants in an office building at L.A. Live, the $2.5-billion sports, entertainment and residential complex being constructed next to Staples Center.
The lease, for an undisclosed price, is a big deal for downtown because in past years, corporate headquarters have been leaving instead of coming, said Tony Morales, a broker at Staubach Los Angeles who represented Herbalife.
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