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

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

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

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

Bellwether Enterprise Real Etate Executive Vice President Tom Kenny and Talaria at Burbank

PGIM inks $127M mortgage for Burbank mixed-use complex near Warner Bros. Studios

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls