Newmark Grubb Knight Frank is pleased to announce that Pinkberry, Inc. is relocating its corporate headquarters to 3130 Wilshire Boulevard in Santa Monica in November. The innovative yogurt retailer will move from West Hollywood, Calif., where it launched in 2005. Today, with more than 200 stores worldwide, Pinkberry is one of the world’s fastest growing global retail brands and continues to lead the category.
The world’s leading yogurt retailer inked a seven-year, 15,314-square-foot lease for the office space. The company plans to renovate the entire fourth floor to develop a more creative atmosphere for its corporate team, including concrete floors, exposed ceilings, a modern kitchen and yogurt bar for employees and visitors.
“The ability to design the space was a very important consideration for Pinkberry, which wanted to inject new life into its headquarters,” said Steven Kolsky of Newmark Grubb Knight Frank, who along with Michael Arnold and Greg Frankovich represented the tenant in the deal. “This deal allows Pinkberry to create an environment that fosters innovation, free thinking and fun.”
The company considered other locations in Santa Monica, Culver City and Miracle Mile before settling on 3130 Wilshire Boulevard. The 88,339-square-foot office building has six floors and is home to such tenants as Williams Worldwide, DLR Group WWCOT and Big Air Studios. It’s owned by Kilroy Realty Corp. Jeff Resnick, Joel Frank and Derek Scott of First Property Realty Corp. represented the landlord.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.