Monday, November 14, 2016

Olive Hill Group Brings Culver City, CA Property to 92 Percent Occupancy with Paris-Based Research Firm


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.


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.

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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