An advertising agency focused on Latino consumers that has worked with Coca-Cola, Jack in the Box, Honda, among others, has moved out of its Santa Monica headquarters.
La Agencia de Orci & Asociados, known as Orci, signed a 15,000-square-foot lease in Palms, at 3415 S. Sepulveda Boulevard, the company said. The firm, which was founded in 1986, will be relocating from its Santa Monica location at 2800 28th Street.
The Swig Company owns Orci’s new office space, whose 12-story building spans nearly 180,000 square feet. Rates at the Class A tower hover at around $45 per square foot per year, according to listing materials.
Michael Arnold of NAI Capital represented Orci in the lease deal. CBRE represented the landlord.
In Palms, Oakmont Capital recently filed plans for a third multifamily project on South Overland Avenue. If approved, the total number of residential units would approach 400.
Orci’s new location also sits a few blocks from Culver City, which has become an attractive alternative for companies trying to avoid more expensive beachside cities like Santa Monica or Venice. Those fims have in turn been helping drive multifamily investment in the area.
Last month, developer David Neman filed plans to build a six-story rental project on Venice Boulevard.The 80-unit project would replace a car wash on a half-acre he bought for $6.7 million in 2015.