Video game developer renews 42K sf lease in Burbank

Los Angeles /
Feb.February 27, 2019 05:00 PM
Insomniac CEO Ted Price and Media Studios Campus (Credit: Wikipedia)

The brainchild behind Marvel’s Spider-Man video game is slinging for some office space in Burbank.

Insomniac Games has renewed its 42,000-square-foot lease at the Media Studios campus in Burbank for another five-and-a-half years, according to an announcement from CBRE.

The video game software company has been occupying the top floor of the five-story office building at 2255 North Ontario Street since 2002. In addition to Spider-Man, Insomniac has developed the games Ratchet & Clank, Spyro and Resistance.

Prolific landlord Worthe Real Estate Group manages the complex, which spans 1.2 million square feet and is comprised of five buildings. Amenities include a fitness center, convenience store, day care, massage room and several sports courts.

Blackstone Group purchased a majority interest in the campus, as well as five other office properties in the Burbank Media District, for a combined $1.7 billion in September 2017. Worthe, which continues to manage the properties, retained a 20 percent ownership stake.

Media Studios has 900,000 square feet of office space, leased to tenants that include NBCUniversal, Kaiser Permanente, Deluxe Entertainment, TiVo, Technicolor, 20th Century Fox, Hasbro and Disney Television Animation, the Los Angeles Times previously reported.

Yahoo Inc. used to occupy two buildings on the site until it shuttered its office there in 2016.

Todd Doney, Doug Marlow, Ryan Pettersen and Juliana Sampson of CBRE represented Worthe in the most recent deal. Matt Brainard of Savills Studley represented Insomniac.


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