Outer-space robotics specialist takes 36K sf in Altadena

Pasadena-based firm aims to develop smart rovers in former JPL location

Los Angeles /
Feb.February 09, 2022 02:30 PM
OffWorld lab in Altadena (OffWorld. iStock Illustration, by Shea Monahan for the Real Deal)
OffWorld lab in JPL Building 600, at 540 W. Woodbury Rd (OffWorld, iStock, Illustration by Shea Monahan for the Real Deal)

OffWorld, a space robotics company, has inked a deal to lease a former Jet Propulsion Laboratory building in Altadena.

The Pasadena-based firm signed a lease for the 35,640 square-foot property, formerly known as JPL Building 600, at 540 W. Woodbury Rd., according to CBRE Group. Terms of the lease were not disclosed.

The building’s landlord, La Canada-based Malik Bros., was represented by Kevin Duffy, Natalie Bazarevitsch and Jackie Benavidez of CBRE, alongside Colliers International’s Billy Walk.

“This latest transaction is reflective of the continued growth we are seeing in the Pasadena and Altadena areas by robotics, life science, technology and healthcare companies over the past year,” Duffy said in a statement. “This growth is helping to offset the limited expansion by professional services companies in the area.”

Technology, gaming and the creative sectors led commercial leasing in Los Angeles in the fourth quarter of 2021, according to CBRE research, with companies like Riot Games and Roku signing impactful leases in West LA.

Vacancy and overall sublease availability dropped in the last three months of the year, driven particularly by the creative and tech sectors as they took advantage of opportunities in the market.

Offworld, a private company founded in 2016, according to Crunchbase, is developing a learning robotic workforce for heavy industrial jobs on Earth, the Moon, asteroids and on Mars. It has affiliate offices in South Africa and Luxembourg.

“We envision millions of smart robots working under human supervision on and offworld, turning the inner solar system into a better, gentler, greener place for life and civilization,” according to its website.

NASA’s Jet Propulsion Laboratory, which has vacated the building Offworld leased, can trace its roots to one Jack Parsons, a rocket engineer inspired by space exploration and human spaceflight – as well as science fiction and the occult.

The past year has seen industrial space across Southern California tighten, with only 1.5 percent vacant in the fourth quarter of 2021, down from 3.6 percent during the same period in 2020.

Meanwhile, industrial rents have also risen by 19 percent year-over-year, reaching $1.15 per square foot at the end of 2021, compared to just under $1 in 2020.





    Related Articles

    arrow_forward_ios
    Hudson Pacific’s Chris Pearson and CBRE’s Lewis Horne (Hudson Pacific, CBRE, iStock)
    Hudson Pacific, CBRE eye West Coast hubs with impact fund for women, ethnic minorities
    Hudson Pacific, CBRE eye West Coast hubs with impact fund for women, ethnic minorities
    Rendering of 5057 North Klump Avenue (Ken Stockton Architects)
    Developer seeks five-story apartment complex in NoHo
    Developer seeks five-story apartment complex in NoHo
    Global juice maker inks lease for South Gate production
    Global juice maker inks lease for South Gate production
    Global juice maker inks lease for South Gate production
    Buck Design buys into Little Tokyo
    Buck Design buys into Little Tokyo
    Buck Design buys into Little Tokyo
    CBRE CEO Robert Sulentic and the Beezley team (Getty, Beezley)
    CBRE snags LA construction advisory firm Beezley Management
    CBRE snags LA construction advisory firm Beezley Management
    CBRE CEO Bob Sulentic; the firm has shifted its global HQ from LA to Dallas. (CBRE, Getty)
    “Sad day” in LA: CBRE’s corporate exit latest blow to dented office market
    “Sad day” in LA: CBRE’s corporate exit latest blow to dented office market
    An illustration of Airbnb's Chief Executive Brian Chesky
    Los Angeles No. 1 in country for Airbnb, other short stay rentals
    Los Angeles No. 1 in country for Airbnb, other short stay rentals
    CBRE CEO Robert E. Sulentic, and Keller Williams Founder Gary Williams with the Lantana property
    Keller cries foul: Brokerage sues CBRE over WeWork lease deal
    Keller cries foul: Brokerage sues CBRE over WeWork lease deal
    arrow_forward_ios

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

    Loading...