Facebook closes on 260K sf at the Brickyard

The social media company will expand its current space fivefold

Los Angeles /
Jan.January 02, 2019 01:00 PM
Mark Zuckerberg and The Brickyard (Credit: Getty Images)

New year, new digs.

Facebook has closed a deal to occupy 260,000 square feet of office space at Tishman Speyer’s Brickyard campus in Playa Vista, expanding its presence in the burgeoning tech neighborhood fivefold.

The company plans on moving into the office development from a nearby space at 12777 West Jefferson Boulevard in the next few months, the Commercial Observer reported. It already occupies a 50,000-square-foot space at the two-building site.

The Real Deal first reported in July that Facebook was close to signing a deal. The tech firm was originally in talks to lease 120,000 square feet at the Tishman Speyer-owned complex, but boosted its requirements during ongoing negotiations.

With a 260,000-square-foot lease, Facebook would be taking nearly 60 percent of the 425,300-square-foot campus, located at 12105 and 12126 W. Waterfront Drive. Other tenants at the campus, designed by Gensler and Michael Maltzan, include Loyola Marymount University, which leased 50,000 square feet for its School of Film and Television early last year.

Facebook’s recent deal comes on the heels of another major expansion by a competing tech firm — Google. The company recently tripled its footprint in Los Angeles after moving into the 450,000-square-foot Spruce Goose hangar in October.

In Playa Vista, the firms are joining several other tech companies including Belkin, YouTube and Yahoo. [CO] – Natalie Hoberman


Related Articles

arrow_forward_ios
Rendering of the project (NMDA for CIM Group)
CIM drops residential units at proposed West Hollywood hotel
CIM drops residential units at proposed West Hollywood hotel
Renderings of One Beverly Hills and Beny Alagem. (One Beverly Hills, Getty)
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Beny Alagem’s $2B Beverly Hills project gets go-ahead
The San Pedro Fish Market is one of the top-grossing restaurants in the U.S. (Getty, Facebook via San Pedro Fish Market and Restaurant / Photo Illustration by Alison Bushor for The Real Deal)
San Pedro Fish Market plans new “supersize” restaurant
San Pedro Fish Market plans new “supersize” restaurant
The Chateau Marmont (Getty) and protest signs (Unite Here Local 11)
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Tencent CEO Ma Huateng with Playa Jefferson. (Getty, Austin Industries)
Tencent opens Playa Vista office with plans to expand LA workforce
Tencent opens Playa Vista office with plans to expand LA workforce
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
Goodman CEO Greg Goodman and a rendering of the facility. (Goodman)
Goodman’s massive logistics center will target e-commerce tenants
Goodman’s massive logistics center will target e-commerce tenants
California is waiting to adopt the CDC maskless decision. (Getty)
California still says mask up at office, for now
California still says mask up at office, for now
arrow_forward_ios

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

Loading...