Long Beach’s fast-growing managed care provider Molina Healthcare Inc. recently signed a deal that will expand its footprint on its home turf.

The company signed a 73,500-square-foot lease for office space at One World Trade Center, a 27-story, 574,000-square foot office complex at 701 W. Ocean Blvd. downtown. The facility will serve as an expansion for the company’s corporate headquarters at 200 Oceangate Ave.

Lease terms were not disclosed, but recent rent rates at the building recorded by CoStar Group Inc. value the lease at $2.4 million a year.

Landlords Greenlaw Partners, Walton Street Capital and Stillwater Investment Group acquired the property in August for $105 million and are in the process of finalizing plans for a large-scale renovation.

Steve Solomon, Jason Fine and Kristen Bowman of Jones Lang LaSalle Inc., along with Dave Smith of CBRE Group Inc. represented the landlords in the lease deal. Molina was represented by Damion McKinney and Jamie Keller of McKinney Advisory Group.