Activision moves publishing headquarters to Pen Factory in Santa Monica: sources – Commercial Observer
Activision Publishing Inc., the video game publisher owned by Activision Blizzard, moved its headquarters to Pen factory office in Santa Monica, learned Commercial Observer.
Sources said it was a sublet agreement with Kite Pharma – belonging to Gilead Sciences – for nearly 90,000 square feet. An Activision spokesperson confirmed that the head office was moving to Pen Factory, but did not confirm the amount of space or the sublet. The owner, Lincoln Real Estate Company (LPC) Where is, was not available for comment.
Activision Blizzard is a publicly traded company that originated popular video games like Call of Duty, Tony Hawkthe video game series by and Guitar Hero. Earlier this year, the parent company and its studio development arm, Treyarch, left its 214,864 square foot head office in Santa Monica about 2 km from Pen Factory in a property owned by Boston Properties. (This space was filled by Snap Inc. A little after.)
In June, the health care company BonRx signed for 130,000 square feet on the Pen Factory office campus, which is now fully leased. LPC West renovated the 222,000 square foot space to 2701 Olympic Boulevard in 2017. It is adjacent to the Oracle Santa Monica Center and near offices for companies like Yahoo!, SCS, Hulu and Universal music group.
Los Angeles’ Westside attracted much of the county’s premier rental activity this year. For example, Roku and Hulu both signed or enlarged their space at Boston Properties’ Central Colorado campus in Santa Monica, which is still one of the county’s tightest and best performing markets.
Gregory Cornfield can be reached at [email protected].