Amazon nears deal at Culver Steps: sources

The e-commerce giant would occupy 65K sf of office space

Los Angeles /
Jan.January 19, 2018 02:12 PM
Jeff Bezos and Culver Studios (Credit: Jeff Bezos photo by David Ryder/Getty Images, Combined Properties Inc.)

It may not be HQ2 just yet, but Amazon is moving into Culver City (again.)

Amazon is in advanced negotiations to lease the entire office portion at Hackman Capital Partners’ Culver Steps at 9300 Culver Boulevard in Culver City, The Real Deal has learned.

The firm has already signed for space at the iconic Culver Studios – also owned by Hackman – located across the street at 9336 West Washington Boulevard. The entertainment arm of the e-retail giant is set to occupy more than 280,000 square feet in the Culver Studios Mansion and Bungalows. That will feature its studio, along with the Amazon-owned IMDb, Amazon Video and World Wide Advertising.

Hackman is developing the 115,000-square-foot site at Culver Steps, which will include four stories of offices totaling 65,000 square feet and 45,000 square feet of retail.

Other amenities at the EYRC-designed project include a 10,000-square-foot plaza, 230 on-site parking spaces and 320 spots in an adjacent lot. The landlord acquired the development rights to the project from Hudson Pacific Properties for an undisclosed amount in December 2016.

Amazon did not immediately respond to requests for comment. Hackman declined to comment. Jeff Pion, listing broker representing Hackman, declined to comment.

Amazon made waves on a national scale this week when it released the 20 finalist cities for its planned $5 billion second headquarters. Los Angeles County made the shortlist, as did other big cities like New York City, Miami, Boston, and Denver. In all, 238 cities submitted proposals.

Amazon’s outpost in Culver City, while not an enormous facility, will likely have an impact the growing tech hub in the neighborhood.

This week, TRD reported that Apple is moving into Lincoln Property Co.’s 128,000-square-foot project at 8777 Washington Boulevard. That’s in addition to Hackman’s 85,000-square-foot campus at 5500 Jefferson Boulevard. The two will be joining WeWork and Equinox, which have signed leases at One Culver.


Related Articles

arrow_forward_ios
Vacant Hollywood Hills property tied to Betty Ford finds buyer
Vacant Hollywood Hills property tied to Betty Ford finds buyer
Vacant Hollywood Hills property tied to Betty Ford finds buyer
Red Oak Investments' Alex Wong and A-1 Trailer Park (Google Maps, Red Oak)
Presto on PCH: apartment developer plans to make trailer park disappear
Presto on PCH: apartment developer plans to make trailer park disappear
The portion of land with renderings of proposed development (LoopNet)
6 percent of Bel Air on discount
6 percent of Bel Air on discount
600 East Broadway (SRS)
$43M price check at Vons supermarket in Long Beach
$43M price check at Vons supermarket in Long Beach
Lone Star Funds founder John Grayken and Westin LAX (Lone Star, Marriott)
Price revealed: Lone Star paid $71M for Westin LAX
Price revealed: Lone Star paid $71M for Westin LAX
CGI+ CEO Gidi Cohen and 5200 South J Street in Oxnard CA (CGI+, Google Maps)
CGI+ buys Ventura County apartment complex
CGI+ buys Ventura County apartment complex
Madison Realty Capital extends LA push with $91M loan
Madison Realty Capital extends LA push with $91M loan
Madison Realty Capital extends LA push with $91M loan
Hackman Capital to pay $1.8B for ViacomCBS’ Studio Center
Hackman Capital to pay $1.8B for ViacomCBS’ Studio Center
Hackman Capital to pay $1.8B for ViacomCBS’ Studio Center
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...