Snapchat in early talks to take up to 400K sf in LA: sources
Company recently filed for IPO that would value it at $20B to $25B
From the Los Angeles website: Commercial real estate insiders in Los Angeles are wondering whether Santa Monica will land a unicorn — before it disappears forever.
Venice-based Snap Inc., which recently filed for its initial public offering, is in early talks to lease a substantial portion of Santa Monica Business Park at 2850-3420 Ocean Park Boulevard, sources told The Real Deal. The parent company of Snapchat, which is raising financing around a $20 billion to $25 billion valuation, wants 350,000 to 400,000 square feet at the 12-building, 1 million-square-foot campus. [more]