Pixar aims to shrink its real estate footprint in Emeryville.
The locally based animated movie production company, a unit of Walt Disney, has listed 16,800 square feet of offices for sublease at 1201 Park Avenue, the San Francisco Business Times reported.
The move comes after Pixar spent $3.6 million to renovate the building.
Pixar had leased the two-story brick building, built in 1920, across the street from its 20-acre headquarters in May of last year. CBRE is marketing it for sublease.
Last December, Pixar filed an application to revamp the building with Silverman & Light Investments, an electrical engineering firm based in the city. The upgrade included improving its power, data and lighting and building new offices.
At the time, the office was 12,800 square feet but renovations pushed it out to 16,800 square feet. Its prior tenants included Redbull.
In 2000, Pixar moved its headquarters from Richmond to Emeryville, where it now has a 430,000-square-foot campus. The firm leases another 97,000 square feet in Emeryville, according to regulatory filings.
Pixar has another 517,000 square feet of leased office, production and theater buildings in San Francisco, home to its Lucasfilm division. Of that, 47,000 square feet is leased to third-party tenants.
The sublease by the entertainment studio in Emeryville comes after a general shift to remote work, with other Bay Area companies such as Adobe, Dropbox and Salesforce listing offices on the sublease market.In the third quarter, Oakland’s sublease market grew to 1.3 million square feet, the highest since the dawn of the pandemic nearly four years ago.
— Dana Bartholomew
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