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Newmark Grubb Knight Frank (NGKF) has completed a 27,000-square-foot flex lease with motion capturing and commercial animation studios, House of Moves, in El Segundo, CA. House of Moves will be relocating its corporate headquarters from Playa Vista where it has been for the past decade, and will occupy an entire free-standing building.
Chris Strickfaden and Eric Adams of NGKF’s El Segundo office represented the owner, Black Equities. Max Schneider, Sean O’Leary, Maury Gentile and Mark Sokolowski of NGKF’s El Segundo office represented the tenant.
Located at 750 Lairport, the facility is a multi-purpose flex industrial building that was the former regional headquarters for LG/Nano H20.
“The El Segundo market is continuing to tighten as many former aerospace and industrial warehouse buildings have been repositioned in recent years to creative office. Landlords, including Black Equities are renovating assets to make them attractive to companies seeking quality space and company growth” said Strickfaden.
According to Schneider, House of Moves will be relocating its entire domestic staff in early August 2016 and will use the facility for its Animation, Motion Capture, Sound Stages and VR production needs. “With peaking rents and overwhelming congestion in Playa Vista, House of Moves scoured the entire lower Westside and South Bay submarkets for new, more functional space,” commented Schneider. “As the back halls of El Segundo continue to be repositioned, House of Moves felt timing was ripe to make a long-term commitment to the evolving submarket.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.