Facebook in advanced talks for LA’s Brickyard: sources
The tech giant already has a 35K sf office at the Playa Jefferson campus nearby
Facebook is in advanced discussions to lease space at the Brickyard office campus in Playa Vista, The Real Deal has learned. Sources said the Menlo Park behemoth is set to occupy roughly 122,000 square feet on the property.
New York-based Tishman Speyer owns the roughly 425,300-square-foot Brickyard campus located at 12105 and 12126 W. Waterfront Drive. It was designed by Michael Maltzan and Gensler. Other tenants include Loyola Marymount University, which leased 50,000 square feet for its School of Film and Television early last year.
Tishman Speyer declined to comment. Facebook did not respond to immediate requests for comment.
Facebook already has a 35,000-square-foot office at the Playa Jefferson campus at 12777 West Jefferson Boulevard in the same neighborhood. It signed that lease in February 2016.
Rates at the six-story vacant building at 12126 W. Waterfront Drive clock in at $5.65 per square foot, according to CoStar. The free-standing building also includes 9,300 square feet of daycare facilities, 344 tenant parking spots and a roof terrace area.
The social media has faced increasing scrutiny as it grapples with another scandal involving its influence on the 2016 presidential election. According to news reports, London-based Cambridge Analytica improperly used data from 50 million Facebook users to sway potential voters in the election, breaching Facebook rules. Both Cambridge Analytica and Facebook have denied the claims.