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9/24/12
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Popular yogurt chain Pinkberry Inc will be relocating its corporate HQ space from West Hollywood to Santa Monica after inking a new seven-year lease for 15.3k sf of office space. Pinkberry, one of the world’s fastest growing retail brands, will take occupancy of its new space at 3130 Wilshire Blvd, a few blocks west of Bundy Dr, in November.
Pinkberry plans to renovate the entire fourth floor to develop a more creative atmosphere for its corporate team, including concrete floors, exposed ceilings, a modern kitchen and yogurt bar for employees and visitors. The company currently has over 200 stores worldwide.
"The ability to design the space was a very important consideration for Pinkberry, which wanted to inject new life into its headquarters," said Steven Kolsky of Newmark Grubb Knight Frank, who, along with colleagues Michael Arnold and Greg Frankovich, represented the tenant in the deal. "This deal allows Pinkberry to create an environment that fosters innovation, free thinking and fun."
The company considered other locations in Santa Monica, Culver City and Miracle Mile before settling on 3130 Wilshire Boulevard. The 88.3k sf office building has six floors and is home to such tenants as Williams Worldwide, DLR Group WWCOT and Big Air Studios. It's owned by Kilroy Realty Corp. Jeff Resnick, Joel Frank and Derek Scott of First Property Realty Corp. represented the landlord in the transaction.
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