The Real Deal Los Angeles

It’s official: Spotify hits play on its move to the Arts District

Streaming service will lease 110,000 square feet in At Meteo
By Natalie Hoberman | July 10, 2018 11:14AM

Spotify’s Daniel Ek and rendering of At Mateo at 555 Mateo Street (Credit: Wikimedia Commons, At Mateo)

Spotify, the music streaming service giant, is officially moving to the Arts District.

The firm signed a 10-year lease to occupy 110,000 square feet in At Mateo, the mixed-use complex, a source confirmed to The Real Deal on Tuesday. TRD first reported the deal in January.

The move represents a major expansion for the Swedish tech company, which currently leases an 8,200-square-foot space at 9200 Sunset Boulevard in West Hollywood.

Located at 555 Mateo Street, the $80 million retail and office complex was developed by a joint venture between Blatteis & Schnur and ASB Real Estate Investments. Tenants at the site include Soylent, a meal-replacement company, and the University of Southern California’s design school.

Girl & the Goat, a Chicago-based restaurant created by “Iron Chef” winner Stephanie Izard, also signed a 7,000-square-foot lease at the property. It’s slated to open sometime next year.

Pete Collins, Mike Condon Jr., Andrew Tashjian and Kelli Snyder of Cushman & Wakefield represented the developers. Tony Morales, Maureen Hawley and Jaclyn Ward at JLL represented Spotify.

Spotify’s commitment to the Arts District follows a move from Warner Music Group, which inked a deal to occupy the entire Shorenstein-renovated Ford Factory. Although delayed, the company is planning to move from Burbank to the 257,000-square-foot space at 777 S. Santa Fe Avenue.