Digital Domain renews 51K sf Playa Vista lease

Company has leased entire Beatrice Street property since 2007

Feb.February 10, 2016 10:00 AM

Digital Domain, a visual effects and digital production company that’s been based in Playa Vista since 2007, has renewed its lease for the entire building at 12641 Beatrice Street, the company’s broker told The Real Deal.

The entertainment and media company will continue to occupy the 51,320-square-foot property long term. The former warehouse building was converted to creative space and includes a performance capture studio, production stages with sound-proofing and a backlot with reusable sets.

“Our client explored a variety of occupancy alternatives, but ultimately chose to remain in its current location,” said Savills Studley senior vice president Josh Gorin, who represented DD in the deal alongside Marcus Arredondo.“The building continues to support the company’s innovative visual work as well as facilitate its expansion into new realms of media.”

While rents in Playa Vista now average between $3.50 and $4.50 per square foot per month, the costs are still 20 to 25 percent less than in Santa Monica, he said.

Related Articles

A rendering of Del Rey Pointe and a map of the project site (credit: LADCP)

To reach the tech giants in Playa Vista, apartment developer wants to build a bridge

Tishman Speyer CEO Rob Speyer and renderings of Collective & Brickyard campuses (Credit: Tishman Speyer)

Tishman Speyer eyes $323M recap of Playa Vista portfolio

Northwood Investors John Kukral, Tishman Speyer CEO Rob Speyer and renderings of Brickyard & Collective campuses (Credit: Tishman Speyer)

Tishman in talks to buy Northwood’s stake in Facebook, Yahoo-leased office portfolio

Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources

Facebook closes on 260K sf at the Brickyard

With tech firms in mind, Lincoln Property, Gensler plan $225M spec office in Culver City

With Playa District, EQ and Industrious redefine landlord, co-working relationship

Google’s Spruce Goose hangar features callbacks to Hughes’ Hercules plane