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| Corporate Pointe, 200--300 Corporate Pointe, Culver City, CA |
LOS ANGELES, CA – Los Angeles-based commercial real estate
firm Olive Hill Group has leased half of the 5th floor at its recently acquired
creative office campus in Culver City, California to Ipsos Insight, a
subsidiary of the Paris-based market research and consulting firm Ipsos.
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| Tim Lee, left, and Michael Cho |
The office complex is
located at 200-300 Corporate Pointe in Culver City, California. Ipsos Insight
will lease 11,000 square feet on the 5th floor of the building for the next 7.5
years. Brian Niehaus at JLL
represented Ipsos Insight in the $3.1 million lease.
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| Brian Niehaus |
The new lease brings
occupancy up to 92 percent, and further establishes the Class A creative campus
as a prominent business address within the Silicon Beach submarket, according
to Michael Cho, President of Olive
Hill Group.
“Culver City is quickly
emerging as one of the fastest-growing, most dynamic tech and creative markets
in southern California, attracting a number of businesses in the digital media,
entertainment and technology industries,” says Cho.
“Fueled by explosive growth in these
industries, the Lower Westside office market continues to attract demand from
major players in the digital sphere, including research firms such as Ipsos,
which is a creative leader in the market research industry.”
Cho explains that this new lease
reflects the types of high-caliber creative and tech tenants that comprise the
Culver City market.
“Ipsos is the third
largest market research firm in the world, with a presence in 87 different
countries and more than 5,000 clients globally,” says Cho. “Our ability to
secure a lease of this caliber speaks to the strength of the asset and bolsters
long-term property value. The addition
of Ipsos Insight also contributes to the creative and collaborative environment
we are cultivating in this property.”
For a complete copy of the company’s news release,
please contact:
Katie Kea
Jr. Account Executive
Brower, Miller & Cole
895 Dove Street, Third
Floor
Newport Beach, CA 92660
p: (949) 955-7940
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