Broadway Real Estate Partners, LLC (Broadway Partners), a national commercial real estate investment firm headquartered in New York, has announced a long-term lease renewal by tenant Aon Corporation for 113,000 square feet in office space at the landmark Aon Center building, a Class A asset located at 707 Wilshire Boulevard, one of the most recognized buildings in Los Angeles.

Aon Corporation, a global leader in insurance, risk management, and human capital consulting, has agreed to add seven years to a former lease that was due to expire in June 2007. Under the terms of the new agreement, Aon will continue to retain its building naming rights as well as display its logo on the top of the building’s facade, and will remain at the building through 2014.

Jonathon Yormak, Chief Operating Officer of Broadway Partners, noted, “Keeping Aon as a tenant adds tremendous value to this already strong asset.” Greg Green, Managing Director and National Director of Leasing, said, “We are pleased that the Aon Corporation has made such a long-term commitment to this location and we look forward to continuing our successful partnership with this prestigious organization for the rest of the decade and beyond.”

Built in 1973 for First Interstate and renovated in 1996, the 60-story Aon building is not only the second-tallest building in Los Angeles, it is also the third tallest west of the Mississippi. Broadway acquired this building in 2005.