Let’s get loud: Formosa sound company expands into Burbank

The firm has opened its 7th office in LA

Mar.March 23, 2018 10:09 AM
Hanhai Civic Plaza at 250 E. Olive Ave. in Burbank (Credit: Cushman & Wakefield)

Sound company Formosa Group has opened its seventh office in Los Angeles, signing a lease at the Hanhai Civic Plaza in Downtown Burbank.

Formosa inked the seven-year deal with the landlord, Creative International Investment. The company will take 8,800 square feet in the four-story office building, located at 250 E. Olive Ave.

Design firm Rethink Leisure & Entertainment also signed a lease at that location, for 4,354 square feet. Lease terms were not disclosed.

Formed in 2013, Formosa is a post-production sound company that works on feature films, music, gaming and home entertainment. It has been involved with “Game of Thrones,” and “Star Trek Beyond,” among others. The company moved headquarters in 2016 to Hollywood 959, a creative complex by developer Jerry Snyder. Formosa took 30,000 square feet at that location in Hollywood.

Rethink’s portfolio includes a handful of projects in Dubai, as well as a mixed martial arts gym. Clients listed on Rethink’s website include Walt Disney Company, Universal Creative and Marvel.

For the Formosa lease, Creative International was represented by Cushman & Wakefield’s Katie Bernhisel and Dillon Moscone. Cushman’s Mark Robinson and Arlene Sommer represented Formosa. Cushman also manages the property.

Madison Partners’ Chris Keller and Chris DuMont represented Rethink for its lease.

Hanhai Investments acquired the 80,000-square-foot office building in 2014, according to Real Capital Analytics. Hanhai paid $22 million to Cusumano Real Estate Group in the deal. The property had previously been called Burbank Civic Plaza.

Related Articles

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Long Beach area and San Fernando Valley attract biggest industrial sales in 2019

Here are LA County’s biggest industrial sales of 2019

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office