Apple is taking another big bite out of Culver City: sources
The tech giant’s 128K sf new mixed-use building will be developed by Lincoln Property Co.
Apple is moving into Culver City.
The technology giant has agreed to lease the entirety of Lincoln Property Co.’s 128,000-square-foot building at 8777 Washington Boulevard in Culver City, The Real Deal has learned. Terms were not disclosed.
HBO was set to be the sole tenant leasing at the site, but those plans fell through.
Located on the corner of Washington and National boulevards just seven miles east of the Santa Monica Pier, the four-story complex will include office space, as well as 4,500 square feet of ground-level retail. The project, which will replace the former Surfas Culinary District cooking supplies facility, is being led by a partnership between New York-based Clarion Partners and Lincoln Property of Texas.
TRD previously reported that Apple was in talks to lease Hackman Capital Partners’ 85,000-square-foot campus at 5500 Jefferson Boulevard near Culver City. Sources familiar with the deal now say Apple will be taking over the space.
Combined, that amounts to roughly 213,000 square feet of creative office space in the neighborhood. Hackman also developed the headquarters of Beats By Dre – an Apple subsidiary — at 8600 Hayden Place in Culver City.
Lincoln Property and CBRE’s Jeff Pion – listing broker for Hackman — declined to comment. Hackman, Apple and Clarion Partners did not immediately return requests.
The company recently announced it would set aside $1 billion for production of original content, following the success of Netflix and Amazon. Rumors of Apple heading to Culver City in order to compete first circulated in September, when the talk was the company would move into the Hackman-owned Culver Studios. That huge space has since been leased to Amazon, another major tech company hoping to make waves in original content. The two will be joining WeWork, which has leased 60,000 square feet at One Culver at 10000 Washington Boulevard.