Nordman Cormany renegotiates Oxnard lease
Nordman Cormany Hair & Compton is not moving out of the sleek, six-story glass building next to Highway 101 it has called home for years. The Oxnard law firm said Oct. 25 that it has renegotiated its lease at 1000 Town Center Drive.
Earlier this year, as eight of its attorneys said they would leave the firm by the end of the year to pursue other opportunities, Nordman said it was ending its lease at the property by year’s end as well, and was looking at other spaces in Camarillo, Oxnard and Ventura.
The firm told the Business Times in April that it had reassessed its rent and decided it was too far above the market. The building’s unusual elliptical shape also made it hard to scale offices up and down the way a company would in a square building, it said.
But the law firm said Oct. 25 that it has successfully renegotiated its lease terms with landlord Hines, Inc. of Houston, Tex. “We renegotiated a very favorable lease with Hines,” Joel Mark, managing partner, said in a news release. “The firm has been an iconic fixture in the community for over 70 years. It continues to thrive and serve Ventura County and surrounding areas. We’re happy our name will still be atop the 1000 Town Center building.”
