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| 1447 2nd Street, Santa Monica CA |
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| Randy Starr |
Los Angeles, CA –
Avison Young, the world’s fastest-growing commercial real estate services firm,
announced it has completed a 45-month office lease with Science, Inc., a
technology incubator and investor. Science, Inc. will occupy 16,220 square feet
(sf) at 1447 2nd Street. in Santa Monica, CA.
Avison Young Principal Randy Starr and Tim Dornan,
a Vice-President in the company’s Santa Monica office, represented Science,
Inc. in the transaction. The landlord, Beitler Commercial Realty Services,
represented itself.
Built in 2000, the
four-story property totals 24,578 sf and offers exposed ceilings, polished
concrete floors, private balconies and ocean views. With the Science lease, the
property is now fully occupied. The space was previously occupied by Hydraulx.
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| Tim Dornan |
Science, Inc. is
relocating and expanding from its 10,000-sf office space just steps away at
1410 2nd Street.
“Science, Inc.
wanted to stay in downtown Santa Monica because it is where the company’s
talent wants to work,” comments Starr. “We were able to successfully negotiate
a below-market rental rate in a highly competitive market.”
The building is
well-located in the heart of Santa Monica and is within walking distance to the
Third Street Promenade, Santa Monica Place and Ocean Avenue. The
property also provides easy access to Santa Monica 10 Freeway and neighboring
communities of Pacific Palisades, Venice and Malibu.
For a complete
copy of the company’s news release, please contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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